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This content has been automatically translated from Ukrainian.
Due to martial law and economic instability, Ukrainians are thinking about saving funds and the possibility of increasing their own capital. One of the ways to store and increase finances is deposit in the bank.
This is the name of a popular service that assumes that the client puts a certain amount into the account. He can freely use it during storage or pick it up after the expiration date. Interest is charged on these funds.
Advantages of making a deposit
It will be appropriate to set aside funds for the future both if there is a clear goal (for example, to expand a business, study or purchase housing) and without specific goals. This method of investment has several important advantages:
- Reliability. The finances of depositors are protected by the State Guarantee Fund.
- Ease of the deposit opening process. This procedure does not take much time, it is convenient to apply online at Bank Lviv.
- Guaranteed income. Deposit – is a great way to earn passive income with a fixed interest rate that does not depend on the inflation rate.
- Ability to choose a currency. Deposits are available not only in hryvnias, but also in dollars and euros.
The contract with the bank is concluded for a certain fixed period, during which interest on the invested funds is accrued. Depending on the type of program selected, the client can top up the account at any time and increase income.
What contribution to choose
Bank Lviv offers customers deposits with various conditions:
- A term of 3, 6, 9 or 12 months. The minimum deposit amount is UAH 2,500, and the maximum is – 1 million (according to the currency exchange rate at the time of concluding the contract).
- Pension with a term of 1, 3, 6, 9, 12, 18 and 24 months in accordance with the monthly interest payment. The minimum amount for opening is UAH 1,000, in the case of foreign currencies, this indicator is EUR 50 or USD 50.
- Savings account. Its main feature and benefit is the availability of partial withdrawal and replenishment without time and amount restrictions.
- Deposit «Free land» makes it possible to receive passive income, as well as to attract earned funds to the charity program of the Bank of Lviv regarding demining of Ukraine. The term of concluding the contract is similar to a term deposit.
Standard rates are up to 15.5% per annum on deposits in hryvnias, up to 2.5% in US dollars and up to 1.75% in euros, respectively. The savings account makes it possible to receive a fixed profit of 5% per annum in hryvnias for the amount of investments. You can use an online calculator to calculate the optimal deposit.
In the conditions of an unstable economy and constant fluctuations in exchange rates, Ukrainians strive to preserve at least part of their own funds with a guarantee of their security. Deposits protected by the Guarantee Fund are a reliable option not only for saving, but also for increasing profits. Bank Lviv offers many interesting and profitable programs.
Source: Website www.banklviv.com
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