The Bank introduces higher interests on all standard time deposits and savings products and prolongs the preferential offer for “9 ½ weeks”

All clients of UniCredit Bulbank who by the end of April 2009 open a standard deposit amounting to at least BGN/EUR/USD 5,000, or other currency for a term of 6, 12 or 24 months, will benefit from the new, competitive terms offered by the Bank. The higher interests will be valid both for the standard time deposits and for the already popular “Growing Interest”, Flexy and other special term deposits.

“Currently we are witnessing an increased interest in mid-term and short-term savings forms. We define the interests on our deposits according to the market situation so as to offer the clients a maximum security and yield of their investment. We are excellently positioned in order to be able to maintain a balanced and competitive approach in determining the interests on deposits and loans”, said UCB’s MB member in charge of retail banking Ljubomir Punchev.

The conditions under one of the most successful products of UniCredit Bulbank – "Growing Interest" considerably improved. The interest is accrued on a monthly basis and the longer the deposited funds stay in the bank, the higher the interest for each successive month. For the newly opened by the end of May 2009 deposits the interests for the first quarter already reach 7.50% for BGN (instead of the 4% applied until recently) and 12% in the 12-th month after the opening of the deposit.

With the changed interest rates that have entered into force today, the deposits and savings products of UniCredit Bulbank become among the most attractive and competitive on the market. Thus for example for standard time deposits, where clients can choose between a period of one week to two years, the interests on deposits in BGN for one year deposit already exceed 8.45%. For the euro savings the interest rate for 12 months for example, during the promotional terms, is above 6.3%.

 

Another “bestseller” of the Bank, Nine weeks and a Half Deposit preserves its preferential conditions under which it has been offered since the beginning of the year until April. Thus the clients of UniCredit Bulbank, who choose the deposit with the most attractive name, will receive up to 7.5% annual interest for their BGN savings and 5.5% for the savings in EUR.

There are also new and more favourable for the clients interests and conditions such as lower non-declining balances and new timing of the other products like "Rokada", "Na smetka", etc. Information about the new conditions is available on the Internet page of UniCredit Bulbank – www.unicreditbulbank.bg or at the closest branch of the Bank.