In the last few months, the changes that have been established are that three banks have increased interest rates on deposits, experts from the site "My Money" said.

Since the beginning of 2016 (according to BNB data) the average interest rate on time deposits for households is below 1 percent.

During these years, banks have clearly shown their reluctance to attract new deposits due to their liquidity, starting with the suspension of most deposits, a gradual decline in interest rates and in the last year - the introduction of a fee on deposits with higher cash. 

The trade balance for March was negative in the amount of EUR 244.7 million, according to the BNB

BNB data show that by the end of March 2022 deposits up to BGN 1,000 had decreased by nearly 98,000.

A decrease in the number of deposits is also observed in those with an amount of BGN 1,000 - 2,500 and from BGN 2,500 to 5,000. However, there is an increase in deposits for amounts from BGN 20,000 to BGN 200,000. to be a few basic: consolidation of small deposits;

inflation and rising spending are forcing households to encroach on their deposits;

as well as directing part of the deposits to investment schemes.

A study by MoitePari.bg shows that in the last few weeks there has been an increase in interest rates on long-term deposits with several banks.

Rising inflation in the country (14.4 percent at the end of April), expectations for an adjustment in the key interest rate by the ECB, the military conflict in Ukraine and other worrying data on the economies of EU countries.

There are definitely no reasons for the increase in interest rates on deposits.

To date, only three banks have made adjustments, and they are quite timid.

For now, however, it seems that they are due more to competitive maneuvers, according to experts from the site.