Updated: July 20, 2026. Rates are based on market surveys as of July 15 and may change — check the bank's website for current conditions.
The highest rates for hryvnia deposits in July 2026 are 17.25% per annum for 6 months (Radabank) and 17.17% for 3 months (Acordbank); per year, the maximum is 16.75%. The average rates on the market are within 13-14.5% per annum, so the difference between "just a deposit" and the most profitable one reaches three percentage points - on a deposit of 100,000 UAH, this is more than 2,000 UAH difference per year. Below is a rating of rates by term, calculation of real income after taxes and what to look for besides interest.
The highest rates by terms: rating
Deposits for 3 months:
Deposits for 6 months:
Deposits for 12 months:
The benchmark for the entire market is the UIRD index (the average rate of the 20 largest banks for individual deposits): for 6 months, it is 13.98% and has hardly changed since the beginning of the year. That is, the market is stable, and the maximum rates are traditionally offered by small banks that compete more actively for the depositor.
How much will be left after taxes
Income from the deposit is taxed: 18% personal income tax plus 5% military duty, together 23%. The real yield looks like this:
For comparison: hryvnia government bonds with a yield of 16-16.7% are not taxed at all, so "in hand" they give more for any deposit from this rating - we made a detailed comparison in the guide to government bonds. The advantage of the deposit is simplicity and the possibility to terminate the contract early on the bank's terms.
Is it safe to carry money in a small bank for a bet
During martial law (and three months after it ends), the Deposit Guarantee Fund reimburses 100% of the deposit amount with interest at all participating banks — regardless of bank size. Therefore, from the point of view of saving funds, a deposit in a small bank at 17% is protected in the same way as in a state bank at 13%. What should be checked before opening: whether the bank is in the register of participants of the Fund (all working banks, except in certain cases, are), the real conditions of the promotional rate (often it is valid only for new funds or a limited amount) and the convenience of the service - small banks may not have a full-fledged application.
How to choose a deposit: four criteria, in addition to the rate
The first is the term for your goal: the highest rates are now for 3-6 months, and this coincides with forecasts for the exchange rate (2-4% devaluation by the end of the year), so a half-yearly deposit seems to be the optimal balance. The second is the conditions for early termination: some banks transfer interest at a reduced rate or do not pay at all upon termination. The third is capitalization: a deposit with monthly accruals on the body of the deposit gives a slightly higher actual yield than the payment at the end of the term. The fourth is the possibility of replenishment if you plan to deposit: among the leaders of the rating, some banks have such conditions, but usually at a slightly lower rate.
Frequently asked questions
What is the highest deposit rate now?
In July 2026 — 17.25% per annum for 6 months (Radabank). Maximum 17.17% for 3 months (Acordbank), 16.75% for a year. Rates change regularly, check the current conditions at the bank.
How much will I actually get after taxes?
23% of income taxes are deducted from the nominal rate (18% personal income tax + 5% military levy). A rate of 17% translates to about 13.1% net; from UAH 100,000 per year, this is about UAH 13,100.
Does the state guarantee the return of the deposit?
Thus, during martial law and three months after it, the Guarantee Fund reimburses 100% of the deposit with interest in all banks participating in the Fund, with no limit on the amount.
What is more profitable: a deposit or OVDP?
In terms of net yield, usually OVDP: 16–16.7% without taxes versus ~13% net for the best deposit. The deposit benefits from the ease of opening and clear conditions for early access to money.
Why are rates higher in small banks?
It is more difficult for small banks to attract funds, so they compete on price - a higher rate. For the depositor, the risk is compensated by the Fund's 100% guarantee during martial law.
The material is informative and does not constitute individual financial advice. Check the terms of deposits in banks - rates change.
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