What is deposit insurance and how it protects your money: we tell you in detail

Financial stability and independence is what each of us strives for.
Bank deposits are one of the effective ways to achieve these goals.

But it is important to know how to ensure their safety. Deposit insurance plays a key role in this process.

Deposit insurance is a system of protecting your savings, which guarantees that your funds will be protected even in unforeseen situations.
In Ukraine, this function is performed by the Individual Deposit Guarantee Fund (FGVFO). Thanks to this fund, in case of any problems, your savings remain under reliable protection.

When you save for deposit in MTB Bank, you can be sure of their safety. Our bank always puts the safety and trust of customers first. Deposit insurance is an additional measure of protection that provides your savings with an even greater level of security.

Deposits - it is not only safe, but also profitable. They allow you to earn additional income thanks to the interest that is accrued on your funds. You can make a deposit easily by visiting a bank branch or using online banking.

For young people, deposits can become an important part of a financial strategy. By saving part of your income on a deposit, you provide yourself with a financial cushion.
It is also important to improve your financial literacy, learn more about banking products and choose reliable banks. Before opening a deposit, research ratings and reviews about the bank.

"Deposits are one of the most reliable tools for securing a stable future. They not only allow you to protect your savings, but also multiply them thanks to interest rates.At MTB Bank, we always take care of the safety of your funds by providing an additional level of protection through deposit insurance, which gives you the opportunity to plan your finances with confidence goals and ensure a stable future for yourself and your family." - Hennadiy Tyshchenko