FOREX deposit is a term deposit, which allows you within the agreed period to change the currency, in which you have initially opened the deposit. With FOREX deposit you can change currency for unlimited number of times, without the need of waiting for the maturity and which is most important – without losing the interest in the respective currency. It is only necessary to conform to the initially agreed period of the deposit.

 

Period: Fixed 6,12 and 24 months

 

Currency: BGN, EUR, USD

 

Minimum opening balance: BGN 1000 or EUR/USD 500

 

Interest rates:     

Interest payment: Interest is accrued on a daily basis and is paid to account at maturity or in case of currency conversion.

 

Converting the principal and the accrued interest in another currency is effected at the sell exchange rate of UBB for the respective currency on the transaction date.

 

 

 

In case of termination of the deposit ahead of maturity without using the currency conversion option the bank will pay an interest rate, equal to the interest rate on a current account in the respective currency, in accordance with the effective as of the moment of termination UBB AD Interest Rate Tariff on Accounts of Individuals for the actual number of days of the deposit.

In case the currency conversion option has been used and the deposit is terminated ahead of maturity, a fee for termination of the deposit ahead of maturity shall be accrued - 0,10 % monthly on the principal for the period from the date of termination till the maturity date.

 

Needed documents for opening an account – Identity document