Rates on deposits in key currencies are on the decline in Ukraine Photo from UNIAN Eighteen Ukrainian banks lowered deposit rates over the last two weeks, from June 22 to July 6. "[Interest rates on] hryvnia deposits for one to three months fell by 1.23 percentage points [pp], to a record low 6.8% per annum. Savings for a period of three to six months were the next to see a decrease in the rate (by 1.17 pp, to 8.45% per annum)," Liga.net reported on July 6, referring to a review of banks&#39; deposit programs. Read alsoNational Bank: loan rates for households, businesses to hit lowest in Ukraine&#39;s history The average rate on hryvnia deposits for the period from six months to a year slid by 1.1 pp, to 8.62% per annum. Deposits rates with a term exceeding one year dropped by 0.99 pp, to 8.56% per annum. Demand deposits rates fell by 0.58 pp, to 5.57% per annum, while the yield on deposits for the period up to one month declined by 0.56 pp, to 8.04% per annum. "As for savings in U.S. dollars, the average rate also fell most [on deposits] for one to three months (by 0.29 pp, to 0.54% per annum). The rate on deposits from six months to a year dropped by 0.27 pp, to 1.31% per annum", the publication said. Deposits for the period exceeding 12 months fell in price by 0.19 pp, to 1.78% per annum. Rates of those from three to six months dropped by 0.16 pp, to a yield of 0.94% per annum. Simultaneously, the average rate on demand deposits and those of less than a month declined (by 0.02 pp, to 0.54% and 0.58% per annum, respectively). Rates on demand deposits in euros (0.24%) and deposits with a term of less than one month (0.34%) remained unchanged. Yields decreased for deposits from one to three months (by 0.23 pp, to 0.48% per annum). Rates on deposits for a period of three months to six months fell by 0.11 pp, to 0.64% per annum. Rates on those from six months to a year declined by 0.2 pp, to a yield of 0.91% per annum. Savings for more than a year lost 0.09 pp in rates, now set at 1.08% per annum.