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Platinum Bank revised interest rates on deposits toward an increase

From the 2nd of July 2012 Platinum Bank offers to its clients new increased interest rates on the UAH deposits for individuals. The rates on the “Cash Every Month” and “Desired Increase” deposit programs have risen most significantly.

A considerable increase of interest rates occurred in the most demanded and profitable deposit program for individuals - “Cash Every Month”, that allows clients to receive maximum profit with the interest paid monthly. Thus, the interest rate has increased from 1% up to 3% depending on the term and amount of the deposit. In particular, the interest rates on the deposits exceeding UAH 1 million, placed for 9 months increased by 3% and reached 21% annually. Before, it was available only on the long-term deposits placed for 18 months.

The increase of interest rate has also been applied to USD deposits “Cash Every Month” increasing up to 6.8% annually.

The interest rates on the savings account “Desired Increase” with the right to add funds to the deposit and monthly capitalization of interests rose in short-term UAH deposits. Thus, in UAH deposits placed for 3 months regardless of the deposit amount the rates have risen by 2.5% and reached the range of 16.5-17.1% annually. The profits on the deposits placed for longer periods of time have risen in average by 1.8-1.9%. The rates on the USD also deposits have increased up and for today the maximal rate is 5.8% annually.

More details in the press-release.


For Your Reference:
Platinum Bank is one of the biggest players in the national banking system. It belongs to the 1st Group of Banks according to the rating of the National Bank of Ukraine (over 0.5% of assets of the Banking System of Ukraine). Its regional network includes 69 branches and 1080 points of sales in various regions of Ukraine.
One of the top strategic priorities of Platinum Bank is transactional business. In 2016 Platinum Bank became one of the leaders in crediting for individuals among Ukrainian banks. It is also one of the annual leaders on the market in consumer credit segment.
Also, Platinum Bank is actively working on its Digital Bank project. Among others, it actively develops its platform and Platinum Lab – a lab of financial innovations.
At the same time Platinum Bank actively engages more and more corporate clients, first and foremost in distribution and IT business.
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