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Expat Community > Ukraine

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Opening a Bank Account in Ukraine

19 years ago
I'm interested in taking advantage of the high interest rates for bank accounts here. I'm getting a lot of mixed information.

Are interest rates compound or simple?
Are there restrictions on the account, i.e., does the money have to sit untouched, as for a CD?
Are accounts insured, and if so, up to how much?
Can one open a dollar account or an account in UAH?

Anyone with information and caveats, I'd greatly appreciate hearing from you...

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