According to financiers, the decreasing yields on hryvnia deposits will continue until the end of May. However, despite this, hryvnia deposits remain attractive to citizens due to their passive income.
As previously reported, on April 25 the National Bank lowered the rate on 3-month deposit certificates from 17.5% to 16.5%, which is the basis on which the yield on hryvnia deposits is formed.
At the same time, due to low inflation, deposits in the national currency remain a valuable tool for passive income, which makes them attractive to consumers. Typically, Ukrainian consumers open currency deposits primarily for storing money.
Bankers predict the following characteristics for hryvnia deposits at the end of May:
- maximum interest rates on hryvnia deposits will be about 15% annually
- average interest rates on deposits between three to six months will approach 12.5% annually
- average interest rates on deposits between nine months to a year will be up to 12% annually
- net profit on hryvnia deposits will remain high: up to 6-7%, depending on the deposit duration