Monobank is introducing new avenues for currency investment through their platform. Users can earn up to 3.7% annually based on the currency selected, according to Oleg Gorokhovsky.

To start earning, clients must deposit $1100 or euros in the currency account, and the bank will use these funds to purchase government bonds. Clients will earn 3.7% on dollars and 2.8% on euros annually.

Funds can be withdrawn at any moment, even immediately after deposit. Currently, the feature is being launched in a test format, and after reaching 5000 active users, new applicants will be placed on a waiting list.

“Right now, we lack sufficient currency government bonds to meet the growing demand. However, if many are interested, we will buy more and continue,” Gorokhovsky noted.