From 10.05.2004 Raiffeisenbank (Bulgaria) EAD launches new product – “Deposit +” – a long-term deposit with an opportunity for payment of the interest before maturity on current or card account.
The minimum amount is BGN 1 000 or the equivalent of USD or EUR. The term is 2 or 3 years.
The interest depends on the amount, the term and the currency of the term deposit and the rates vary from 5.85% to 6.25% p.a. for BGN, from 4.15% to 4.65% p.a. for EUR and from 2.75% to 3.65% p.a. for USD. The client chooses payment of the interest on maturity or payment in advance on 1-, 3- or 6- monthly basis.
The product goes with a free international VISA Electron card, issued in the currency of the term deposit. The client can draw a consumer loan secured by pledge on the amount of the term deposit, without paying the application fee.