Updated on 25 August 2019
TBI Bank EAD is a universal bank, offering retail and corporate banking products and services to its customers.
Bulgarian-American Credit Bank was founded in 1996 by the Bulgarian American Enterprise Fund (BAEF). The primary aim of BAEF is to support the entrepreneurship in former communist countries from Central and Eastern Europe. Bulgarian-American Credit Bank provides products and services in retail and corporate banking.
International Asset Bank AD is a universal bank, offering retail and corporate banking products and services to its customers.
Germany: This product is offered to German residents only. When clicking on the product link you will be redirected to the product page in German.
Time deposits accounts are interest-bearing deposit acoounts offering higher interest rates than savings accounts. However the money deposited to such account cannot be withdrawn for a specified period of time (term).
The table above shows essential details of selected time deposit products offered to retail customers by the banks in Bulgaria: currency, interest rate per annum and deposit term. The time deposit accounts terms vary from 6 month to 3 years (36 months). The interest rates are within the range 0.20 - 1.35 %. The interest rates provided in the table do not take into account withholding tax levied on interest income in Bulgaria.
Time deposit accounts made with credit institutions in Bulgaria are covered by deposit guarantee scheme up to 100,000 EUR per depositor.
In February 2019, average annual deposit interest rate in local currency (Bulgarian lev) of new contracts with fixed term up to 1 year between credit institutions and retail customers (households) was 0.12 %.
Bulgaria's Moodys country ceiling (the highest rating that can be assigned) for deposits in local currency is set to A3 (upper medium grade).