Term Deposit with Individually Stipulated Interest Rate

Deposit account with an individually stipulated interest rate represents a better appreciation for temporarily unused funds of the legal entity. The interest rate of the deposit is determined individually, taking into account the length and amount of the deposit.

Basic parameters

  • The deposit can be set up in CZK, USD, EUR, GBP, DKK, SEK, RUB, or PLN.
  • The deposit period must be at least one week, at most one year.
  • The interest rate for a term deposit is fixed for the period of the deposit
  • The deposit can be revolving, with a stipulated interest rate construction.
  • The interest is calculated based on a year of 360 days, according to the actual number of days of the deposit (including the first day, excluding the last day).
  • It is not necessary to have a current account with Česká exportní banka to set up a term deposit.
  • It is necessary to conclude a term deposit framework agreement.

Reasons for Setting up Term Deposit:

  • A higher interest rate compared to current accounts;
  • Flexibility and simplicity when making deposits, using electronic communication.