By the end of the year, the net profit on hryvnia deposits will be at least 3-4%

Between September and December 2024, inflationary "pressure" is expected to be within the range of 5-6%. Given the current deposit rates, citizens will not only be able to protect their funds from depreciation but also earn a net profit of at least 3-4%.

This was explained by Dmytro Zamotaiev, Director of the Retail Business Department at Globus Bank. However, the expert believes that September may represent a "transition period" as citizens adjust to the new economic realities (gradual consumer price growth within 5-7%).

"As a result, behavioral inertia may occur, and the number of new depositors will only increase by 1%," noted the banker.

The expert pointed out that in September, compared to August, the average yield on hryvnia deposits will not undergo significant changes. The yield on deposits with terms of 3 to 6 months will be 10% annually, while the average rates for deposits of 9 to 12 months will offer 11-12% annually. The highest profit is possible for long-term deposits (from 1 to 2.5 years), averaging 12-13% annually. Meanwhile, the average yield on foreign currency deposits will remain stable: average rates on dollar deposits will not exceed 1.5% annually, and on euro deposits, 1.3% annually.

"Thus, the net profit on the shortest hryvnia deposits (from 3 to 6 months) will be almost three times higher than the return on foreign currency deposits, significantly increasing citizens' interest in hryvnia deposits," emphasized Dmytro Zamotaiev.