NBU raised the key interest rate: how to protect savings from inflation

At the beginning of 2025, the NBU decided to raise the key interest rate to 15.5% to protect hryvnia savings from inflation. This allowed banks to offer attractive conditions for hryvnia deposits - on average 13-16% per annum (after taxation - 10-12%) depending on the placement period. A no less popular alternative chosen by citizens has been hryvnia government bonds. They brought returns of 12-18% per annum, and the income earned is not taxed.

Considering the inflation forecasts for 2026 (below 10%), such investment instruments help protect savings from loss due to inflation. In this regard, interest in hryvnia deposits and government bonds is constantly growing.

If you want to learn more, we invite you to visit the updated section 'Simply About the Economy' on the NBU website.