The new product of Bulgarian-American Credit Bank is a 12-month fixed-term deposit with interest rate rising every 3 months. Thus, the Bank's customers can not only feel safe about their savings, but also get a good and growing return.

However, this is far from the only advantage of the "Rising Interest Rate" Deposit. Unlike standard fixed-term deposits, it allows withdrawals at the end of each quarterly period without losing the accrued interest. No matter what funds are withdrawn, if the remaining amount is above the set minimum, the interest rate continues to increase in the following period.

At the same time, if there is no violation on the deposit, i.e. without withdrawals for 12 months, the interest rate resulting in the last quarter significantly exceeds the average market levels and reaches 0.75% in BGN and EUR. The "Rising Interest Rate" Deposit provides flexibility to customers, the peace of mind to be able to go on the desired vacation or meet unforeseen expenses, while earning more of their funds in each subsequent quarter.

Another convenience of the "Rising Interest Rate" Deposit is that the accrued interest for each interest period can be paid in a separate current account. This gives customers the freedom to use their funds immediately, without unnecessary administrative arrangements.

The "Rising Interest Rate" Deposit is intended for both current and new customers of the Bank. The product is offered in three currencies: BGN, EUR and USD, and the minimum balance for opening the deposit is BGN 1000 or 1000 currency units.

"At BACB we try to be as close as possible to customers and to meet their expectations. At the moment, they are mainly looking for flexibility in their funds, so we are witnessing an increasing amount of money kept on current accounts. In order to provide them with both the required flexibility and profitability of their savings, we created the "Rising Interest Rate" Deposit”, said Ivan Ivanov, Director of Retail Banking at BACB. "Everyone's daily life is very dynamic, so we offer our customers the confidence that even if they have to withdraw some of their money, they will not lose the interest accrued over the past three months. With the conditions of our latest product, we continue to put the customer's wishes at the center of everything we do,” he added.