Credit Dnepr Bank increased its portfolio of time deposits of individuals by January-February 2020 by UAH 35.5 million

06 March 2020

In January-February 2020, Credit Dnepr Bank increased its retail customers' term deposits portfolio by UAH 35.5 million - up to UAH 2.4 billion. In particular, the amount of term deposits in UAH increased by UAH 17.6 million, in foreign currency - by UAH 17.9 million (in equivalent). Time deposits account for more than 70% of the retail funds portfolio, of which 62% deposits are for a term of six months or more.

“The bank deposit remains the optimal investment tool for the population in terms of simplicity, reliability and profitability, which is confirmed by the positive dynamics of the retail banking portfolio based on the results of the first months of the year,” says Denis Mihov, Business Development Director of Credit Dnipro Bank. - Deposit yields have less of an impact on investor sentiment than economic, financial and exchange rate stability and predictability. Given the low inflation rate and further consistent easing by the monetary policy regulator, deposit rates will continue to decline, so now is a good time to record the optimal yield for 2020. "

Credit Dnipro Bank proposes to make a deposit for a term of 23 to 450 days in UAH and 90 to 719 days in foreign currency in any branch or remotely through the FreeBank internet banking system, which is encouraged by an additional 0.5% to the UAH and 0 rates. , 2% - in US dollars. The minimum deposit amount is only 500 UAH, 100 USD, 100 EUR for FreeBank registration. Interest payment scheme - monthly or at the end of the deposit - the client chooses independently, taking into account their priorities and financial plans. Automatic deposit extension can be made for an unlimited number of times under the current rate as of the date of prolongation, if the depositor does not decide to refuse this option. If desired, the depositor can open the Unlimited Classic card free of charge, which includes a current account in the currency of the deposit, which accrues interest and returns the full amount of the deposit upon its expiration, Visa Classic payment card, as well as access to the FreeBank Internet banking system.

To find out more about deposit offers of the Bank Credit Dnepr, please click here.