Raiffeisen Bank 

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Infoline: 800 900 900

Term deposit on a current account

Term deposits provide the opportunity to valorise available funds. You can open any number of term deposits with various maturity terms and in various currencies on your account. What’s more, there are 2 types of intelligent term deposit.

Advantages

  • better interest rates than acurrent account
  • a notice period allowing for the optimally timed utilisation of your financial resources  
  • statutory insurance of deposits
  • the possibility of opening and holding up to ten different currencies (CZK, SKK, EUR, CHF, USD, GBP, PLN, CAD, JPY, HUF)
  • the number of term deposits you make on your account is up to you
  • constant information on the deposits at your disposal
  • the possibility of arranging individual maturity terms and rates for deposits with larger volume

Types of term deposits

  • single term deposit, i.e. a deposit for a fixed period of time
  • revolving term deposit, i.e. a deposit which is automatically renewed on the maturity date of the deposit by a period of time arranged in advance
  • intelligent variants of term deposit

Intelligent revolving term deposit (IRTD)

When making this type of term deposit you set simple rules according to which the product manage your financial resources automatically. Every deposit renewal date you check the balance in your current account and replenish it or withdraw money from it as required. You may only have one active IRTD.

You can set an IRTD in three ways:

The IRTD will maintain the current account balance as optimum, i.e. if the balance of the current account at the beginning of a new time period exceeds the set limit, the surplus is transferred to the IRTD. If, on the other hand, there are not sufficient funds in the current account, the account balance is topped up to the requisite optimum level by transferring funds from the IRTD.

The IRTD will maintain the current account balance as maximum, i.e. surplus funds are only transferred to the IRTD if the limit of the maximum current account balance is exceeded at the beginning of the new time period. In the event of insufficient funds in the current account at the beginning of a new time period no action is taken.

The IRTD will maintain the current account balance as minimum, i.e. financial resources will only be topped up from the IRTD if the current account balance is below the set limit at the beginning of a new time period.

The renewal periods of an IRTD are as follows: 1 week, twice a month, 3 weeks, 1 or 2 or 3 months.

Saving revolving term deposit (SRTD)

This type of term deposit allows for the regular transfer of funds between your current account and term deposit. Selected amounts are transferred from the current account to the SRTD or vice versa within a given period of time.

The transfer of funds only takes place in the direction you select when opening an SRTD. This direction cannot be changed during the term.

The period of a SRTD can be 1 week, twice a month, and 1, 2 or 3 months.

Interest rate

The interest rate depends on the level of the deposit and the maturity term.

It remains unchanged during the course of the deposit, and is updated only on the maturity date of the deposit depending on the situation on the interbank market.

An individual interest rate can be agreed on in case of larger amounts.

The current interest rates of term deposits are given in the Raiffeisenbank Summary of Interest Rates and are available at all branches of the bank.

Interest rate applied to term deposits

Interest is credited on the deposit’s maturity date. Depending on the client’s wishes it is either credited to the already deposited amount and thus increases the overall deposit for the next period, or can be credited to a personal account held at RB.

Conditions for making a deposit

  • possession of a personal/corporate account
  • sufficient funds

Additional information


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