Q: Can I open a deposit for my children?

Yes. You can open a deposit in the name of your child ( “For the future” deposit)

Question 1

Can I open several deposits in my own name?

Accepted Answer

There is no limit to the number of deposits you can have with us.

Question 2

Is Pivdenny Bank a member of the Individual Deposit Guarantee Fund?

Accepted Answer

Pivdenny Bank is a participant in the Individual Deposit Guarantee Fund of Ukraine (certificate No. 016 dated 16.10.2012). The Fund guarantees reimbursement of individual deposits in full, which, however, is capped at the amount of UAH 200,000 (resolution of the Administrative Board of the Individual Deposit Guarantee Fund Resolution No. 27 dated 21.08.2012.

Question 3

Is the interest on a deposit taxable?

Accepted Answer

Yes, the interest earned on a deposit is subject to tax irrespective of the amount and currency of the deposit: already since 2016 interest is taxed at 18 % plus military tax of 1.5 %.

Please note that it is the interest and not the principal that is subject to taxation.

Question 4

Where can I obtain an official statement of my deposit, for example, to present in a foreign embassy?

Accepted Answer

You can obtain an official statement on your deposit in any branch of the bank for an issuance fee based on the bank’s fees schedule.

Question 5

Does the Bank inform its depositors about the approach of deposit maturity dates?

Accepted Answer

Yes, the bank provides such a service via SMS notifications, informing our clients of the maturity of their deposits.

Question 6

What is the procedure for extending a deposit?

Accepted Answer

To prolong the deposit agreement, visit your branch and present your passport and taxpayer ID.

Question 7

Is it possible to replenish a deposit when staying in another country?

Accepted Answer

A deposit may be increased remotely via the Pivdenny MyBank system.

Question 8

Can I open a deposit for my children?

Accepted Answer

Yes. You can open a deposit in the name of your child (“For the future” deposit)

Question 9

When does the bank start to earn interest on the deposit?

Accepted Answer

Interest is earned based on the actual balance of the account for each calendar day, starting the day after the funds are credited to the depositor’s account and ending one day before the day on which funds are withdrawn from the depositor’s account.

Based on the interest payment schedule chosen by the depositor, the interest earned on the deposit is paid to the current account of the depositor as per the deposit agreement on maturity. Alternatively, the interest is paid on a monthly basis on the first working day of the month after the interest earning period and at maturity of validity of the deposit agreement.

CLASSIC ONLINE
Interest payment schedule	Term	Amount of the deposit	UAH	USD	EUR
On maturity	7 days	Irrespective of the amount	Individually	Individually	Individually
	14 days		Individually	Individually	Individually
	21 days		Individually	Individually	Individually
	1 month		Individually	Individually	Individually
	2 months		Individually	Individually	Individually
	3 months		Individually	Individually	Individually
	6 months		Individually	Individually	Individually
	12 months		5.00 %	Individually	Individually
	13 months		5.00 %	Individually	Individually
On a monthly basis	1 month		Individually	Individually	Individually
	2 months		Individually	Individually	Individually
	3 months		Individually	Individually	Individually
	6 months		Individually	Individually	Individually
	12 months		5.00 %	Individually	Individually
	13 months		5.00 %	Individually	Individually

"Classic online" Deposit for SME

Advantages of the deposit:

Easy and quick

Convenience

Interest rates and interest payment:

FAQ

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