Termínovaný vklad

Česká spořitelna Fixed-Term Deposit at a Glance

The fixed-term deposit ("Termínovaný vklad") from Česká spořitelna is a classic savings product with a fixed lock-in period. It suits customers who have spare cash available and want to deposit it for a known period at a guaranteed rate, without having to worry about the rate changing during the term. Unlike a savings account, where money is essentially available at any time, a fixed-term deposit commits you upfront to one of four offered lock-in periods.

Interest Rate

Česká spořitelna guarantees an interest rate of up to 2.25% p.a. on this deposit for the entire agreed term — the rate is fixed and does not change during the deposit's lifetime. The deposit can be arranged for four different lock-in periods: 1, 3, 6, or 12 months. Unfortunately, the available sources do not specify whether the 2.25% p.a. rate applies equally to all four lock-in periods, or whether this top rate is tied only to the longest one. Treat the stated rate as the maximum rate offered on this product, not necessarily the rate that applies to every individual term option. The sources also do not state whether interest is credited periodically during the term or only at maturity.

Terms, Fees, and Early Withdrawal

The minimum deposit is CZK 5,000 — a relatively low entry threshold that makes the product accessible even to customers with smaller savings. The maximum deposit amount is not stated in the available sources. Setting up, maintaining, and receiving statements for the deposit are all free of charge, which is confirmed both by the product description and directly by the bank's website. The deposit also does not require holding a current account with Česká spořitelna — it can be opened even by a customer who has no current account with the bank.

If you need access to the money before the deposit reaches maturity, you can withdraw up to 25% of the deposited principal outside of maturity without any impact on the accruing interest. However, if you withdraw the full deposited amount outside of maturity, you will lose part of the earned interest — the bank reduces the interest in that case. The deposit can be opened online via the George internet banking platform, via the George mobile app using BankID, or in person at a branch.

Who It Suits

This product suits customers who have at least CZK 5,000 in spare cash available and know they will not need the full amount for the agreed period (1 to 12 months). The option to withdraw a quarter of the principal without losing interest will appeal to those who want at least a partial reserve for unexpected expenses even with a fixed-term deposit. Conversely, customers who want their money fully available at any time, without any restriction or risk of a lower return on withdrawal, are better served by a classic savings account than by a fixed-term deposit.

Pros and Cons

• Guaranteed rate of up to 2.25% p.a. for the entire deposit term
• Free setup, maintenance, and statements
• No current account required with the bank
• Low entry deposit starting from CZK 5,000
• Withdrawal of up to 25% of the principal outside maturity with no impact on interest

• Withdrawing the full amount outside maturity reduces the earned interest
• Unclear whether the 2.25% p.a. rate applies equally to all four lock-in periods
• No information on the maximum deposit amount or on how interest is credited

Summary

Česká spořitelna's fixed-term deposit offers a guaranteed rate of up to 2.25% p.a. with no requirement to hold a current account at the bank, free service, and a low entry deposit from CZK 5,000. The product's main strength is the combination of a fixed rate with the option to make a partial withdrawal of a quarter of the principal without losing interest — giving the deposit somewhat more flexibility than is typical for fixed-term deposits. Anyone who needs their money fully and freely available should reach for a savings account instead; anyone willing to lock cash away for a set period (1 to 12 months) gets a clearly defined, guaranteed return with this product.