Term deposit

Term deposit funds appreciate throughout the period using the same interest rate as applicable on the day the deposit is opened. 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. The rule is that the longer the duration and the higher the amount of money, the higher the interest rate.

Money from term deposits can be withdrawn at any time and the withdrawal usually does not have to be announced in advance if you do not withdraw a large amount.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 The VÚB fee for early withdrawal is calculated from the interest accrued up to the date of withdrawal from the amount withdrawn early.

For example, in the case of an annual deposit, the fee is an amount equal to the interest on the amount withdrawn for 180 days, but not more than the amount of interest accrued.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you want to withdraw 1,000 euros after 2 months of deposit, you will only lose interest for two months on the amount withdrawn.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 original deposit on the TD. At the maturity of the original deposit, all additionally deposited money is merged with the opening deposit and automatically renewed as a single deposit. You can make an additional deposit up to 195 times on the deposit account during an ongoing commitment period.

Lehota viazanosti pre prídavný vklad začína plynúť odo dňa jeho pripísania a uplynie posledným dňom lehoty viazanosti otváracieho vkladu. Prídavný vklad sa úročí úrokovou sadzbou prislúchajúcou najbližšej kratšej zverejnenej doby viazanosti, ako je lehota viazanosti otváracieho vkladu, platnej v deň vykonania prídavného vkladu.