Ukraine's Central Bank Cuts Key Rate to 15%: Where to Find the Best Deposit Rates for 2026

Ukraine's Central Bank Lowers Key Policy Rate

According to ХВИЛЯ: In late January 2026, the National Bank of Ukraine reduced its key policy rate from 15.5% to 15%. This monetary policy decision is expected to influence the broader financial sector, including the interest rates offered on savings deposits. For savers navigating this environment, a ranking of banks offering the highest deposit rates for 3, 6, and 12-month terms as of February 2026 has been compiled.

Top Banks for Deposit Rates

For short-term, 3-month deposits, Altbank leads with an offer of 17.5% on its deposit line. Accordbank follows in second place with a 17.17% rate on its 'New Money' deposit, while Bank Lviv ranks third with its 'Acquaintance' deposit at 17%. Other competitive institutions in this category include:

• Yunex Bank (17%)
• Crystalbank (16.75%)
• Asvio Bank (16.75%)
• MTB Bank (16.5%)
• Credit Dnipro Bank (16.5%)
• Radabank (16%)
• Clearing House Bank (16%)
• Izibank (16%)

Competitive rates are also available for medium-term, 6-month deposits. Altbank is again the leader here with 17%. Other banks with attractive offers are:

• Crystalbank (16.9%)
• MTB Bank (16.8%)
• Asvio Bank (16.8%)
• Accordbank (16.55%)
• Credit Dnipro Bank (16.5%)
• Ukrainian Capital (16.25%)
• Idea Bank (16.25%)
• monobank (15.7%)

For long-term, 12-month deposits, Asvio Bank offers the best rate at 16.9%. Radabank, MTB Bank, and Idea Bank share an identical rate of 16.75%. Other notable offers include:

• Ukrainian Capital (16.5%)
• Crystalbank (16.4%)
• Agroprosperis (16.25%)
• Yunex Bank, Accordbank, and monobank (16.25%)
• Izibank and Altbank (16%)

Key trends in the deposit market show that a 16% rate was the most common in February, offered by 7 different banks. Additionally, some financial institutions provide bonuses for online deposits, such as:

• Credit Dnipro Bank adds +1%
• Crystalbank adds +0.25%

The option to top up deposits is available at Yunex Bank, Crystalbank, Credit Dnipro Bank, and monobank. These conditions may appeal to savers seeking optimal ways to grow their funds. It's important to note that high deposit rates often reflect the economic conditions and monetary policy of a country.

The central bank's rate cut is designed to stimulate lending and support broader economic activity. However, the subsequent potential decrease in deposit rates may influence savers' decisions as they search for the most favorable terms. In this context, banks are competing for depositors by offering diverse savings programs and promotions, which can help enhance public engagement with financial products.