The banking sector of Ukraine is preparing to review interest rates on deposits in the national currency. In autumn 2025, clients can expect the most favorable conditions for deposits with terms ranging from 6 to 9 months, as well as for annual deposits. These forecasts were announced by the director of the retail business department at Globus Bank, Dmytro Zamotaiev.
This is reported by Finway
Deposit Market Situation: Trends and Forecasts
After the National Bank of Ukraine decided to keep the key interest rate unchanged, the average rates on hryvnia deposits, depending on the term, will remain in the range of 13-14.5% per annum for the next one and a half months. According to the expert, there has been a gradual decrease in inflation for three consecutive months. This creates a basis for an automatic increase in the yield of hryvnia deposits even without a revision of the key rate.
“In annual terms, inflation has decreased from 15.9% at the beginning of June to 13.2% in August. Therefore, in the near future, with the preservation of existing deposit rates, the passive income may increase by up to 3%,” the expert explained.
Experts expect that by the end of October, banks will focus their most attractive offers specifically on deposits with terms of 6 to 9 months. According to Zamotaiev’s estimates, in September and October, over 70% of new deposits will be opened for such terms, about 15% for 3-6 months, while deposits for 9-12 months and over a year will account for 5-7% of the total volume of new deposits.
Factors Influencing Deposit Yields
- Currency Market Situation: The stability of the dollar and euro exchange rates, and thus the strengthening of the hryvnia, will contribute to an increase in trust in deposits in the national currency.
- Economic Development and Inflation Rate: If the trend of decreasing inflation continues, by the end of the year it may not exceed 10%. This could serve as a basis for further lowering the key interest rate, encouraging clients to open deposits at the currently favorable rates.
- Security Situation: Reducing uncertainty related to military and energy risks will increase citizens’ confidence in placing funds in deposits.
The expert emphasizes that deposits are a tool for preserving purchasing power, not a source of extraordinary profits. However, under favorable economic conditions, depositors may receive additional income. In an optimistic scenario, in 2025, the number of new depositors could increase by at least 5-7% compared to last year.