Since the beginning of the year, the most demanded deposits among citizens are those with terms ranging from 3 to 6 months — their share in the total structure of hryvnia deposits exceeded 50%. Deposits with terms from 9 months to 1 year are of interest to about 30-40% of depositors, while the share of long-term deposits for 1.5-2 years averages 10-20%.
This was reported by Dmytro Zamotaiev, Director of the Retail Business Department at GLOBUS BANK.
According to him, among hryvnia deposits, deposits in the amount of 100,000 to 200,000 hryvnias prevail, the share of which is over 40% of the total number. Deposits from 50,000 to 100,000 hryvnias make up to 30%, deposits up to 50,000 hryvnias — about 15%, deposits from 200,000 to 500,000 hryvnias — about 10%, and deposits in excess of 500,000 hryvnias — up to 5% of the total number of deposits in the national currency.
According to the expert's statement, given the rather optimistic economic forecasts, by the end of the year, the interest rate on 3-month deposit certificates may decrease to 15%, which will effectively fuel the trend of reducing the profitability of hryvnia deposits.
"By the end of the year, it is expected that the maximum profitability on hryvnia deposits will not exceed 13-14% per annum. At the same time, average rates depending on the placement period will vary from 10% to 11%. However, the popularity of hryvnia deposits will remain quite noticeable, as among other mechanisms for earning passive income, along with the convenience of registration, they will be beyond competition," summarized Dmytro Zamotaiev.
