OREANDA-NEWS. October 01, 2014. This autumn we can expect the growth of the deposit rates. The trend will affect both deposits in the national currency and foreign currency deposits. Reason for growth - Ukrainians still do not hurry to place their funds in the financial institutions.

"It is worth noting that currently, the deposit market is very turbulent. Due to the extended unstable situation in the country customers do not hurry to place their accumulated funds in banks. Therefore, banks will try to attract customers by high rates", - says Olga Shostak, Head of Product Development at UniCredit Bank.

According to the expert of UniCredit Bank, rates can be quite high in some banks. "Taking into account that today customers cannot withdraw money from few large banks, I think, rates can be very high in order to allure customers to the banks - says Shostak. - But, again, when choosing a bank customer should consider not only the rate size, but also a reputation and rating of the bank, its financial performance. It is better to choose the average market rate in a safe bank than afterwards seek a refund of placed funds under a high rate".

In addition, it is worth noting, that there has also settled a trend of implementation of autumn promotional offers at the deposit market. According to the bank’s experts, the autumn 2014 will not become an exception. Such deposits differ from the usual ones by higher rate and contain a number of additional advantages. For example, the opportunity to win an additional rate or to receive a free travel insurance policy.