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GROWING INTEREST RATE is a deposit account for individuals with a 12-month term, four quarterly interest rate periods and an increasing interest rate in each subsequent period.


12 months



Minimum balance

1000 BGN, EUR, USD

Interest rates:

Interest rate period BGN EUR USD
First quarterly 0.20% 0.20% 0.10%
Second quarterly 0.30% 0.30% 0.20%
Third quarterly 0.80% 0.80% 0.60%
Fourth quarterly 2.00% 2.00% 2.70%

Interest accrual

The interest on the deposit is accrued on the maturity date.

Additional deposits

Additional deposits are not allowed


Upon the end of each quarterly period, on the date of the interest rate change, a portion of the deposited amount may be withdrawn without changes to the terms and conditions thereon. If the date falls on a non-working day, withdrawal is allowed on the first working day thereafter. Other transactions with the deposit, including such on a date other than the date of the interest rate change, shall be deemed early termination of the deposit and conditions for terminations will be applied as described below.

On the maturity date

On the maturity date the deposit is automatically renewed to a 12-month standard deposit with the interest rates applied by BACB as of the renewal date.


The deposit may be terminated at the end of each quarterly period, whereby the Depositor shall receive the total interest accrued over the respective past periods.
Upon other cases of deposit termination (not on the maturity date) the Depositor shall receive the total interest accrued over the past periods and the interest  for the current period, calculated applying the interest rate for the last preceding period.


No fee is applied for cash transactions on maturity dates. All other transactions are determined according to BACB List of terms and conditions.

Open a deposit

Open your deposit in any BACB office or through the Virtual Bank BACB Plus

The deposits and the accounts of individuals, opened with BACB, shall be guaranteed as per the regulations of the Law on Bank Deposit Guarantee.