Characteristics
- Currency - BGN or EUR, minimum amount 500 BGN/EUR.
- Deposit tenor - 66 days
- After the expiry of 66 days, the Nine and a Half Weeks agreement is not to be prolonged for a new period. On the maturity date, in case you do not use your funds, the bank will automatically transfer the amount (principal plus paid interest) onto a three/six-month (depending on your own choice) term deposit, which may be an already existing one or a newly opened one.
- In case the maturity date happens to be a non-business day, the bank shall perform the transfer of the funds on a three/six-month term deposit at the end of the first subsequent business day.
- In one three/six-month term deposit funds can be received from several Nine and a Half Weeks deposits that you may have.
- The currency of the Nine and a Half Weeks deposit and the three/six-month term deposit shall coincide.
- In case of additional paying in of funds during the deposit tenor, the amount that is additionally paid in shall accrue interest until maturity by an interest rate equal to the one set at the time of its opening.
- Nine and a Half Weeks deposit shall be considered breached in case you use funds from it prior to maturity.
The interest that you will get in the case of breach of the deposit shall be in the amount established for current accounts in the Interest Bulletin for Individuals, applicable as at the date of the breach. In case of simultaneous withdrawal of the funds in cash, you will have to pay fees and commissions for withdrawal pursuant to the Tariff for Individuals applicable as at the date of the breach.
You can avoid this because we are ready to offer you an option to get the necessary funds without breaching your deposit.
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