Deposit accountAbout Product

For whom the product is designed

• Private clientele
• Entrepreneurs and small businesses
• Freelance professions
• Public sector
• Non-profit sector

Product description

The deposit account is intended for depositing of temporarily free funds, which may be in CZK or foreign currency. Funds can be deposited as a single deposit or as regular savings, which qualify clients for interest bonuses (only with CZK accounts).

Advantages

The deposit account enables

• Additional deposits at any time during the deposit term either in cash or by credit transfers from another account held with Česká spořitelna or another bank
• One withdrawal of up to 25% of the deposit amount on other than maturity date allowed at no charge
• Deposits may be collected not only on the automatic revolving date, but also on the next day
• An option allowing favourable interest rates with regular savings (applies only to accounts denominated in CZK)
• Opening of a deposit account is not conditional upon existence of giro or current account
• Deposits are insured under the law
• Free of charge account opening and its maintenance
• A choice of account currency
• Various account maturity options – from 7 days to 4 years
• Deposit accounts can be:
  • non-revolving
  • revolving in regular periods
• Deposit accounts can be closed also on other than maturity date
• The accountholder may authorize other persons to operate funds on the account

Product Terms and Conditions

• Citizens of the Czech Republic or foreign nationals above 18 years of age
  • the accountholders/persons authorized to access the account must prove their identity  
• Legal entities must prove
  • their legal personality
  • identity of persons authorised to act on their behalf
• An initial deposit made at the account opening
  • by a credit transfer from another account
  • in cash

 

Basic functions of the Product

• Non-cash or cash account opening
• Non-cash or cash deposits and withdrawals