The iBank Promotional Deposit is designed for customers seeking security and predictable returns. Take advantage of preferential terms and a fixed interest rate for the entire deposit term.
Benefits
- Fixed annual interest rate of 1.90%
- Option to make additional deposits to the deposit account
- No account opening fee
- No cash deposit fee when opening the deposit
- No monthly maintenance fees
Product Features
- Term: 12 months
- Currency: EUR
- Minimum opening amount: EUR 500
- Annual interest rate: 1.90%
- No restrictions on making additional deposits to the deposit account
- Partial withdrawals from the deposit are not permitted
- Interest is accrued on a daily basis and paid on the maturity date. The interest may be credited to the deposit account, a demand deposit account, or the customer's current account.
If the deposit is not closed on the maturity date and the agreement has not been terminated earlier on any other grounds, a new 12-month deposit will be automatically opened under the interest rate conditions applicable on the maturity date, in accordance with the Bank's Interest Rate Bulletin for Individuals.
Who Is This Product For?
This offer is available to both existing and new customers of the Bank.
The promotional 12-month deposit may be opened with new funds or with additional funds deposited by existing customers, provided that the amount of the new deposit is increased by at least 50%, with the increase being no less than EUR 10,000.
Additional Information
The deposit is protected by the Bulgarian Deposit Insurance Fund up to the amount provided for under the Bulgarian Deposit Guarantee Act.
More information about deposit protection is available here.
The terms and conditions of this product are valid until 31 December 2026.