monobank jar (banka): how to open and save

A jar (banka) is a convenient way to save in monobank: a separate account that earns interest on the balance, where you can add and withdraw money anytime. Unlike a classic term deposit, the jar is flexible. Let's look at how to open and use it.

What a jar (banka) is

A jar is a savings account inside the monobank app, separate from your card balance. Money in the jar earns interest, and it's flexible: you can top up and withdraw whenever you like without losing what you've accrued. You can create several jars for different goals (e.g. "vacation", "safety cushion").

How to open a jar

1. Open the monobank app.
2. Tap "+" or go to the accounts section.
3. Choose "Create a jar", set a name (and optionally a target amount).
4. Top it up from your card — and saving begins.

Screenshot: creating a jar in the monobank app

Interest on the balance

Money in the jar earns interest — usually daily on the current balance. That's more beneficial than keeping funds just on the card. Check the current rate in the app: it may differ for hryvnia and foreign currency and change over time.

Top-up and withdrawal

• top-up — a one-tap transfer from your card or automatically (e.g. purchase round-ups or regular deductions);
• withdrawal — you can return the money to your card anytime without losing already accrued interest;
• several jars — for different goals, each with its own balance.

What the jar is convenient for

• saving toward a specific goal and seeing progress;
• keeping a "safety cushion" separate from daily spending;
• earning interest on funds that would otherwise just sit on the card.

FAQ

Can I withdraw money from the jar anytime?

Yes, the jar is flexible — funds return to the card instantly, with no penalties and no loss of accrued interest.

Are the jar funds insured?

Deposits of individuals are guaranteed by the Deposit Guarantee Fund within the limits set by law. Check the current amount separately.

How does the jar differ from a deposit?

A deposit usually has a fixed term and a higher rate but with withdrawal restrictions. The jar is flexible: withdraw anytime, lower rate. For "live" savings the jar is handier; for long-term, a deposit.

How many jars can I have?

You can create several jars for different goals — each with its own name and balance.

Rates and terms may change — check current information in the monobank app.