Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Bulgarians keep their money in bank deposits despite low interest rates

Tihomir Toshev
Photo: Ani Petrova, BNR

By the end of December 2019, the interest rates on twelve month deposits amount to 0.2%. Interest rates on bank loans were to the tune of 4%. However, adjusted with the annual inflation (3.8%) the interest rate on twelve month bank deposits was negative to the tune of -3.6% and the interest rate on bank loans was close to zero, data of the Bulgarian National Bank show. People lose part of their savings due to the low interest rates and bad management of their personal finance, the credit expert Tihomir Toshev told the Bulgarian National Radio. All bank deposits up to EUR 100,000 are guaranteed by the state. That is why the Bulgarians are not looking for alternative financial instruments despite the low interest rate, Tihomir Toshev further said.

.


Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Tzvetan Spassov, Smilen Valov and Dimitar Kolarov

More and more Bulgarians living abroad want to return to their country

The tendency of Bulgarians returning from abroad is permanent. This became apparent during the forum “Europe is with me”, organized by the Ministry of Labour and Social Policy’s Human Resources Development Programme, the Bulgarian news agency BTA..

published on 10/21/25 2:31 PM

World public service media meet in Sofia, discuss current challenges

There is no democracy and freedom without freedom of speech and pluralism, said President Rumen Radev at the opening, in Sofia, of the annual Public Broadcasters International Conference (PBI 2025) . For the first time, the Bulgarian National Radio..

published on 10/21/25 2:05 PM

BNR hosts the 2025 edition of the annual Public Broadcasters International conference

For the first time, the Bulgarian National Radio (BNR) is hosting the annual Public Broadcasters International conference . The conference brings together public media bosses and executives from 24 countries across five continents. The theme..

published on 10/21/25 10:42 AM