Notifications

Changes in the Interest Rate Bulletin as of 02.11.2020

16.10.2020
Changes in the Interest Rate Bulletin as of 02.11.2020

Dear clients,

We would like to inform you that as of 02.11.2020 the following changes are coming into force:

              I.    Private Individuals

1. Interest rates on FlexSave accounts and Term Deposits will be changed as follows:

  • On FlexSave accounts in BGN/EUR to 0.05% per annum;
  • On Term Deposits:

Deposit

BGN/EUR/USD

12 months term

24 months term

36 months term

Annual interest rate

 0.10%  0.15%  0.20%
  • For current clients with term deposits, the interest rate will be applied at maturity.
  • The deposits with 18-month term will be no longer offered. After 02.11.2020, at maturity, the 18-month deposits will be transformed into 12-month deposits.

 

           II.    Legal Entities

2. Interest rates on FlexSave accounts and Term Deposits will be changed as follows:

  • On FlexSave accounts in BGN/EUR to 0.00% per annum;
  • On Term Deposits:

Deposit

BGN/EUR/USD

12 months term

Annual interest rate

 0.00%
  • For current clients with term deposits, the interest rate will be applied at maturity.
  • The deposits with 18-, 24- and 36-month term will be no longer offered. After 02.11.2020 г., at maturity, they will be transformed into 12-month deposits.
  • In case of breach of the term of a deposit, agreed after 02.11.2020, a fee of 0.5% per annum will be applied on the entire amount.

 

3. A new fee will be introduced in the Tariff for Legal Entities as follows:

  • Fee for storage of funds on current and FlexSave accounts for clients with a total daily balance above BGN 3 million - 0.5% per annum.

 

Regards,

ProCredit Bank (Bulgaria) EAD