In the beta version of monobank, it is now possible to buy war bonds. What are the terms and interest

In the beta version of the Ukrainian online bank monobank, it is already possible to purchase government war bonds (government bonds). Moreover, both short-term and long-term securities are available. We tell you the details.

What conditions are offered

Currently, short-term bonds can be purchased at 10% per annum without paying interest until the end of their validity period. A refund with interest is expected on November 2, 2022.

In turn, long-term war bonds are sold at 11% per annum with the possibility of paying interest three times over the entire period. They promise to return the funds with interest on June 21, 2023.

Obviously, this feature is still being tested, but it has not yet been deployed to all users.

Interestingly, even the bank's co-owner Oleg Gorokhovsky has not yet written anything about this new feature in his social networks.

What are war bonds?

As you know, in the context of Russia's military aggression, the Ministry of Finance of Ukraine offered citizens, businesses and foreign investors to support the country's budget by investing in military government bonds.

The funds from the bonds will be used to meet the needs of the Armed Forces of Ukraine and ensure uninterrupted financial needs of the state under martial law.

The main conditions for military government bonds are as follows:

the nominal value of one bond is UAH 1,000;the circulation period is 1 year;the yield rate is determined at an auction.

According to the NBU, as of April 25, 2022, more than 9.1 thousand citizens and business representatives became owners of military government bonds worth about UAH 5.8 billion, 3 36 million and 25.2 million euros. The volume of investments of non-residents in war bonds exceeds UAH 50 million.

Monobank has closed the accounts of customers who are currently located in Russia, Belarus, Syria, Eritrea and North Korea since April 18, 2022.