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60% of Ukrainian Deposits Are for Short-Term Investments
More than 60% of all deposit accounts in Ukraine are for terms of less than three months. This statistic, provided by the Guarantee Fund of Depositors (FGDO), indicates that many Ukrainians are seeking options to determine the best short-term investment. The Ministry of Finance, along with bankers and financial experts, has been researching this issue. Nearly 85% of those with deposit accounts choose short-term terms. Despite this, banks offer higher interest rates for longer-term deposits.