Updated October 14, 2026 · VaultCue Editorial Team
monobank vs ubank
monobank
Higher score in this comparison
ubank
Where monobank and ubank differ
| Compare | monobankReviewSee alternativesSee alternatives | ubankReviewSee alternativesSee alternatives |
|---|---|---|
| Account kind | Fixed | Easy access |
| Headline rate | 16% | Not confirmed |
| Rate type | Fixed | Not confirmed |
| Term | 12 to 24 months | Not confirmed |
| Minimum deposit | UAH 1,000 | Not confirmed |
| Access terms | Fixed or flexible terms of 3 to 24 months, withdraw or reinvest anytime, auto-renews by default | Not confirmed |
| Monthly fee | UAH 0 | Not confirmed |
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Our verdict on each
monobank
Monobank offers a headline rate of 16% with a business and freelancer account that costs nothing to run, which suits traders who can leave hryvnia alone for a set term. The trade-off is the minimum you must place and the lock-in, so anyone wanting same-day access should weigh an easy-access account.
ubank
Ubank lists goal-oriented savings, Autosave, savings accounts and Shared Save accounts.
How they place
| Ranking | monobank | ubank |
|---|---|---|
| Savings accounts | 1185 of 1420 | 1317 of 1420 |
Every fact side by side
| Fact | monobank | ubank |
|---|---|---|
| Pricing model | Fixed rate | Not confirmed |
| Legal entity | JOINT STOCK COMPANY "UNIVERSAL BANK" | National Australia Bank |
| Headquarters | Ukraine | Australia |
| Founded | Not confirmed | 2008 |
| Support channels | Email, Chat, Phone, Help centre | Not confirmed |
Everyday accounts
| Fact | monobank | ubank |
|---|---|---|
| Currency conversion fee | 0% | Not confirmed |
| Currencies | 3 | Not confirmed |
| Audience | Business, Freelancer | Not confirmed |
| Features | Digital only | Not confirmed |
| Local account details | IBAN | Not confirmed |
| Free ATM withdrawals | UAH 50,000 | Not confirmed |
| Transfer fee | 0 UAH for transfers to any IBAN account | Not confirmed |
Where each stands against the rest
| Fact | monobank | ubank | Median |
|---|---|---|---|
| Headline rate | 16%highest quarter | Not confirmed | 3.25% |
| Term | 12 to 24 monthsat the median | Not confirmed | 24 |
| Minimum deposit | UAH 1,000at the median | Not confirmed | UAH 1,000 |
| Monthly fee | UAH 0at the median | Not confirmed | UAH 0 |
Median across 658 listed accounts.
Pros and cons
monobank
Pros
- A headline rate of 16% on a fixed deposit sits far above PayPal Colombia at 3.3%.
- The monthly fee is UAH 0, and sending money to another IBAN account costs 0 UAH for transfers to any IBAN account.
- Currency conversion is 0%, so converting between currencies costs nothing.
Cons
- The term runs 12 to 24 and the deposit renews itself by default, so a long commitment keeps rolling.
- A minimum deposit of UAH 1,000 has to sit in the account before the balance starts earning.
- The headline rate of 16% is below Plazo ES at 24.19% and AXI Card Tarjeta y Credito at 21.59%.
ubank
Pros
- Ubank lists goal-oriented savings, Autosave, savings accounts and Shared Save accounts.
- The captured overview does not provide rates.
Who each suits
monobank
Who it suits
- A Ukrainian business that can leave its balance alone for 12 to 24 and wants the return fixed.
- A freelancer paid by Ukrainian clients who wants local account details in the form of iban.
- A saver who reads the rate before anything else: 16% sits well above the 3% median across the site.
Who should look elsewhere
- Rate chasers: Plazo ES lists 24.19% and AXI Card Tarjeta y Credito 21.59%, both above monobank's 16%.
- Anyone who needs the money on demand, because the term runs 12 to 24 and the deposit renews itself by default. PayPal Colombia at 3.3% is worth weighing for anyone who accepts a much smaller return.
ubank
Who it suits
- Australia Ubank customers choosing goal-based, automatic or shared savings tools
Country by country
| Country | monobank | ubank |
|---|---|---|
| Australia | No | Yes |
| Ukraine | Yes | No |
Questions about each
monobank
What rate does monobank pay on its deposit?+
The deposit advertises a headline rate of 16% and the rate is fixed, so the figure holds for the whole placement rather than drifting with the market. For context, PayPal Colombia lists 3.3% on its savings product. That gap is the main reason a saver would pick this account.
How long do I have to leave the money in the deposit?+
The published term is 12 to 24 and the rate is fixed for that whole period. Terms can be taken as a fixed stretch or as a flexible one, so the length you sign up for is a choice rather than a single window. Readers who want shorter placements should set this against an easy-access account.
Can I withdraw before the term ends?+
Withdrawals are possible at any time and a balance can be reinvested whenever you want, so the term is a commitment rather than a lock. The point to watch is the default: the deposit renews itself into another term, so money left alone keeps rolling. The published term is 12 to 24 at a fixed rate.
What is the minimum deposit?+
The minimum deposit is UAH 1,000, which is the amount that has to sit in the account for the rate to start working. The monthly fee is UAH 0, so nothing is taken out of the balance each month. The median minimum across the savings accounts here is €0.11, so this entry point sits at the higher end.
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monobank
ubank