Plan your returns with a term deposit

Term deposit funds appreciate throughout the period using the same interest rate as applicable on the day the deposit is credited on term deposit. The amount of the interest rate depends on the amount of the deposit and also on the period for which you have deposited money on the term deposit. 

Money from term deposits can be withdrawn at any time and the withdrawal usually does not have to be announced in advance if you do not withdraw a large amount. However, banks charge penalty fees for the duration of the commitment of the deposit. The VÚB fee for early withdrawal is calculated from the interest accrued up to the date of withdrawal from the amount withdrawn early.

For example, in the case of an annual deposit, the fee is an amount equal to the interest on the amount withdrawn for 180 days, but not more than the amount of interest accrued. In practice, this means that if you have an annual deposit, for example, 5,000 euros and you want to withdraw 1,000 euros after 2 months of deposit, you will only lose interest for two months on the amount withdrawn. If you withdraw the money after 9 months, you will lose interest for 6 months (180 days) and we will not touch the remaining interest.

The client can make additional deposits throughout the commitment period. All additional deposits have the same maturity date as the first, so-called opening deposit. At the maturity, all additionally deposited money is merged with the opening deposit and automatically renewed for the next commitment period as a single deposit. You can make an additional deposit up to 195 times on the term deposit during an ongoing commitment period.

The commitment period for the additional deposit starts from the date of crediting and expires on the last day of the commitment period of the opening deposit. The additional deposit bears interest at the interest rate corresponding to the nearest shorter published commitment period than the commitnemnt period of the additional deposti, valid on the day of crediting the additional deposit.