Hryvnia deposit profits will change in Ukraine.

In November, Ukrainians can expect a drop in interest rates on hryvnia deposits. Interest will be 14-14.5% on average, but the return on deposits may rise to 6-7%, the experts say. This month, the main trends for the hryvnia deposit segment will be:

1. The average return on deposits for 3-6 months is 14.5% per annum, and for 9-12 months is 14% per annum
2. Increased demand for short-term deposits (up to 65% of all new deposits) due to a relatively short repayment period and high profit
3. Net profit growth on hryvnia deposits is up to 6% on deposits for 9-12 months and up to 7% for 3-6 months
4. The net profit on hryvnia deposits will exceed the profitability of foreign currency deposits by 100-150%

Therefore, November may be the most favorable for people who decide to put money in a hryvnia deposit. Rates remain high, and net profit exceeds the inflation forecast (5.8%, according to NBU expectations).