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