New deposit models – "Pledge current loan" and "Pledge term loan"

Starting from 1 October 2023, "Pivdenny" Bank will close its "Pledge" and "Pledge Plus" deposit models for individual clients and approve the "Pledge Current loan" and "Pledge Term loan" models.

The "Pledged current" deposit is issued exclusively as collateral for a loan and a guarantee of a legal entity or an individual entrepreneur.

The "Pledged term deposit" is issued exclusively as collateral for a loan of an individual or a loan and guarantee of a legal entity or individual entrepreneur.

Terms and conditions of the "Pledged current loan":

• deposit currency: UAH, USD, Euro;
• minimum deposit amount: 50,000.00 UAH, 1,500.00 USD, 1,000.00 Euro;
• contract term: from 1 to 450 days;
• deposit replenishment:
• for deposits with maturity up to 93 days – for the entire term;
• for deposits with a maturity of 93 days or more – during the first 93 days;
• automatic prolongation: not provided;
• Interest payment: on a monthly basis;
• interest rate: the rate is approved by decisions of the Credit Committees of all levels within the range of rates set by the Code of Ukraine on Administrative Offenses (CUAO) for the "Pledge" deposit model;
• early termination: provided, without penalties.

Range of interest rates:

Terms and conditions of the "Pledge term" deposit:

• deposit currency: UAH, USD, Euro;
• minimum deposit amount: 50,000.00 UAH, 1,500.00 USD, 1,000.00 Euro;
• contract term: from 93 to 450 days;
• deposit replenishment: during the first 93 days;
• automatic prolongation: not provided;
• Interest payment: on a monthly basis;
• interest rate: the rate is approved by decisions of the Credit Committees of all levels within the range of rates set by the CUAO for the "Pledge Plus" deposit model
• Return policy: upon expiry of the contract.

Range of interest rates: