Raiffeisen Bank 

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Infoline: 800 900 900

Deposit bill of exchange

An alternative for the advantageous appreciation of your available funds

Advantages

  • better rates of interest than in term deposits or savings accounts
  • a safe security issued by the bank
  • the creation and safekeeping of the bill of exchange is free of charge
  • operative negotiation of transactions (after a framework agreement has been concluded)
  • the possibility of issuing a deposit bill of exchange in CZK and foreign currencies
  • the possibility of arranging individual rates for larger deposits

 

A deposit bill of exchange is a security which is characterised by its maturity term, interest rate and the bill of exchange sum.

 

Maturity

The maturity of the bill of exchange is the date on which the bank will pay the client the interest agreed on.

The bank will offer you deposit bills of exchange issued:

  • for a fixed maturity period specified by the bank, i.e. for 1, 3, 6, 12, 24, and 36 months
  • on individual maturity dates as requested by the client

 

Interest rate

= the rate by which the sum for which the deposit bill of exchange is issued appreciates. The rate is derived from the interest rate on the interbank market at any particular moment in time.

The interest rate is

  • stipulated by the current interest coupon (LINK) – for amounts up to CZK 5 million
  • agreed on with the client individually when the deposit bill of exchange is being purchased – for amounts over CZK 5 million

 

Bill of exchange sum

= the financial sum specified on the deposit bill of exchange in numbers and words.

In order to acquire a deposit bill of exchange you need a minimum deposit of CZK 100,000 or its equivalent in a foreign currency.

 

In order to acquire a deposit bill of exchange you need

  • an ID document
  • a current account held at the bank
  • a minimum deposit of CZK 100,000 or its equivalent in a foreign currency

Additional information

Deposit bills of exchange abide by Act 191/1950 Coll., on bills of exchange and cheques. It is therefore not subject to insurance under Act 21/1992 Coll. on banks, as amended.

 


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