Financial sector news

The NBU's tight monetary policy has yielded the expected results: Ukrainians are increasingly placing funds in bank accounts and investing in government securities.

The main driver of this process was keeping the discount rate high, which made hryvnia instruments truly profitable and capable of offsetting inflation. This was reported by the National Bank of Ukraine.
At the beginning of 2025, the National Bank raised the discount rate to 15.5% and has kept it at this level ever since. The goal of this step was clear—to protect citizens' hryvnia savings from devaluation.

This decision encouraged commercial banks to raise interest rates on deposits. Currently, financial institutions offer depositors the following conditions:

Average yield: 13-16% per annum.

Net income (after taxes): 10-12% per annum, depending on the term of the deposit.
The regulator also notes the growing popularity of an alternative instrument — domestic government bonds. Citizens are increasingly choosing them because of two key advantages:

Higher yield: rates range from 12-18% per annum.

No taxes: unlike deposits, income from government bonds is not taxed.