Corporate Fixed Term Deposit Rates Terms and interest rates applicable to Bulgarian business customers

The investment is concluded by submitting a Fixed Term Deposit Application Form, which is reviewed and accepted by the Bank. Corporate Fixed Term Deposits are not opened via Online Banking.
Upon acceptance, the Bank performs the internal transfer from the EUR settlement account to the fixed term deposit account and the client receives a binding confirmation of the deposit.

Any bonus interest, if granted, is not paid separately.
It is added to the applicable interest rate at the time the fixed term deposit is opened and forms part of the total interest rate for the respective deposit.

The granting and level of any bonus interest remain at the sole discretion of the Bank.

All Corporate Fixed Term Deposits are concluded with automatic prolongation enabled by default.
Unless the client actively cancels the automatic prolongation, the deposit will be reinvested (Principal amount only) at maturity for the same tenor at the interest rate then applicable.

Yes. Deposits are protected under the German statutory deposit protection scheme (EdB) up to EUR 100,000 per depositor. No other national deposit protection schemes apply.

Interest payments are made without German withholding tax.
Clients are responsible for declaring and accounting for interest income in accordance with their local tax regulations.

Interest is calculated on an ACT/ACT basis and paid at maturity.
Both interest and, if prolongation was actively terminated by the client, principal are credited to the dedicated EUR settlement account with restricted payment functionality.

Each client is provided with a dedicated EUR settlement account for the handling of Corporate Fixed Term Deposits.
The client initially transfers the investment amount to this settlement account. Upon acceptance of the deposit, the Bank performs the internal transfer to the fixed term deposit account.

At maturity, interest payments and potential principal repayments are credited back to the settlement account. From this settlement account, the client may dispose of available funds.

The settlement account serves exclusively for settlement purposes, is not interest-bearing, and is not permitted for regular payment transactions.

All fixed term deposit confirmations are stored electronically in the client’s e-file.
They are made available to the client via Online Banking as the binding communication channel.