Monobank is introducing new opportunities for currency investments through its 'Bank'. Users can earn between 2.8% and 3.7% annually, depending on the currency, as reported by Oleg Gorokhovskiy.
To start earning, users need to deposit 1100 US dollars or euros into the currency 'Bank', and Monobank will use these funds to purchase government bonds. Dollar investments will yield 3.7%, while euro investments will yield 2.8% annually.
Funds can be withdrawn at any time, even just a second after funding. Currently, the feature is being launched in a testing format, and once 5000 participants are reached, additional interested parties will be placed on a waiting list.
“We currently lack sufficient currency government bonds to meet higher demand. However, if there are many interested parties, we will buy more and continue,” Gorokhovskiy stated.