Advance interest payment on the day of deposit opening/reopening - the interests for the entire term of the agreement shall be paid to a current account or demand deposit of the customer.
Deposit terms and conditions:
- Currency: EUR or USD;
- Term of deposit in EUR: 45 days, 6 months, 12 months;
- Term of deposit in USD: 3, 6, 12 months;
- Minimum amount to open a deposit EUR 1000, USD 1000;
- The deposit interest is accrued in advance - on the date of opening of the deposit, and is paid to the current account or demand deposit of the customer
- Deposit of funds to the account - no amounts can be deposited to the account during the term of the deposit account
- Partial withdrawal of deposit amounts - partial withdrawal of deposit amounts is not allowed
- The deposit bears no interest upon early termination. The interests paid in advance shall be deducted from the deposit principal
- If the account holder does not dispose of the deposit funds on the maturity date, the Bank will reopen the deposit ex officio and apply the interest rates applicable at the date of reopening.
The deposit is guaranteed by the Bulgarian Deposit Insurance Fund up to an amount set forth
in the Bank Deposit Guarantee Act.
You can find more information about bank deposit guarantees here.