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You can create a one-time deposit or revolving deposits. With revolving deposits, you can time the use of your money optimally because you can serve a notice before each extension.
Interest is computed using the actual duration of the Term deposit in the currency of the account. Any legally required tax is deducted.
A Term deposit is ideal if the bank requires cash collateral. Therefore, it is frequently used along with products such as Bank guarantee, Import letter of credit and Investment loan.
Deposits are insured under Act No. 21/1992 Coll. up to the equivalent of EUR 100,000 per client.
Opening a Term deposit is easy. What do you need?