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Deposit Progress

Progress is a deposit combining flexible term, growing interest and the opportunity to deposit additional amounts.

Main benefits of Progress:

  • Flexible term matching your preferences 
    The term of Progress is subdivided into 6 interest periods of 6 months duration each. It’s up to you to decide how long you will save. Upon withdrawal of the deposit, you can keep the full amount of the interest for each expired 6-month period of the term.

  • Growing profitability with interest capitalization every six months

    Unlike the ordinary term deposit, which is renewed on maturity with the same interest rate, the interest rate on Progress deposit grows when extending the deposit term. The interest for each 6-month period ended will be accrued and capitalized on your deposit account. The interest rates are fixed for the whole 3-year period of the deposit.

  • Additional depositing

    Progress gives you the right to deposit additionally at any time throughout the term. Moreover, each additionally deposited amount will be charged by the valid interest rate for the period in which it was deposited. Thus your total yield will grow even faster.

You may benefit from a convenient way to increase the funds on your deposit through an automatic transfer of a specified amount on a fixed date from your current/saving account. There are no limits for the monthly installment. Youcan also increase or decrease the defined amount whenever you want.

Interest Rates

  • Currency – BGN, EUR, USD

  • Term – minimum 6 months, maximum 36 months

  • Minimum opening amount – BGN 1000 or EUR/USD 500

  • Minimum additional depositing amount – BGN 500 or EUR/USD 250

  • Maximum additional depositing amount – nine fold amount of the opening balance

  • Free of charge cash withdrawals on the date of maturity of the deposit (after 36 months)

  • Premature termination

Upon deposit withdrawal after the 6th month of the opening the client recieves the full amount of the interest charged for the each 6 months completed. For the standing days during the period when the deposit was closed the interest rate for the last expired 6 month period is applied.