Deposits of companies over BGN 200000 with negative yield

October 21,2020-8:20 PM
DSK Bank already taxes deposits of companies over BGN 200,000 with 1% per annum, which is practically a negative interest rate. For amounts up to BGN 200,000, it deducts fixed fees at zero yield. At Raiffeisenbank the threshold for taxation is BGN 400,000, and the yield is 0%. Almost all banks in Bulgaria have introduced thresholds for taxation of corporate deposits. It is only a matter of time before these restrictions are extended to the deposits of the population.

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