Fibank 
“Perspective”
Term
24 or 36 months
Currencies
BGN, Euro or USD
Opportunities
Possibility of opening at the bank's office
Advantages
Fixed yield up to 4.00% per annum
Up to 4.00%* fixed yield per year - a new perspective for your funds
"Perspective" is an alternative solution with which you generate income from your free funds for a period of 24 or 36 months with the opportunity of an automatic extension for the same period.
For the funds deposited by you, Fibank issues a Certificate of Profitability and pays interest, which is regularly transferred to your current account at the Bank every 6 months of the contract term.
Product characteristics:
- For individuals and business customers;
- Currency: BGN, EUR and USD;
- Minimum amount: 100 000 BGN/ 50 000 EUR/USD зor individuals and 20 000 BGN/ 10 000 EUR/USD for business customers;
- Term: 24 or 36 months with automatic extension for the same term;
- Interest:
| BGN | EUR | USD | |
| 24 months | 3.5% | 3.5% | 3.5% |
| 36 months | 4.00% | 4.00% | 4.00% |
- Interest payment: Every 6 months during the term of the contract;
- Payment of principal: On maturity date;
- Increasing the size of the deposited amount (making additional deposit): Not available;
- Early termination by the client: Not available;
- Fees and commissions: No opening, servicing and closing fees.
Example of determining yield from Perspective for contracts concluded in EUR after 04.02.2024 or in USD:
| Deposited amount | Date of opening | Term date | Annual interest for Perspective | Total interest paid for the term of the contract | Total principal + interest |
24 months | 100 000 Euro | 10.2.2024 | 10.2.2026 | 3.5% | 7000* Euro | 107 000 Euro |
36 months | 100 000 Euro | 10.2.2024 | 10.2.2027 | 4.0% | 12000* Euro | 112 000 Euro |
* Tax is due on the calculated yield, which is not deducted from the specified amount. For individuals, the tax is withheld by the Bank at the time of interest payment.
In relation to the product, all the rules applicable to the so-called "acceptable liabilities of the entities for restructuring" within the meaning of Art. 69a of the Recovery and Restructuring of Credit Institutions and Investment Intermediaries Act, such as the Bank's obligations arising under the contract meet all relevant requirements for acceptable obligations. The client's receivables do not fall within the scope of Section I of Chapter Three of the Bank Deposit Guarantee Act.
Warning: This material is for informational purposes only. It does not constitute and should not be perceived as investment advice, recommendation or consultation. The data used in the example is illustrative.
