Sofia Echo reports that “Bulgarian banks advanced to a new round in their cutthroat fight for attracting fresh cash from savers. New deposit offers came out from the market’s top players Postbank, UniCredit Bulbank, DSK Bank and Raiffeisenbank.

A bunch of other lenders have ongoing juicy deposit promotions including UBB, First Investment Bank, EIBank, and Allianz Bank Bulgaria.

Annual rates on three-month local currency deposits have climbed to 6-7.5 per cent, to eight per cent on four-month deposits and 8.5-9 per cent on six-month products.

Euro-denominated deposits come with lower rates because it is the lev that Bulgarian banks are most starved for.

Source: Sofia Echo