Termínovaný vklad

MONETA Money Bank Term Deposit – Offer Overview

A term deposit suits savers who have spare cash they won't need for a set period and who want to know the exact return in advance – unlike a savings account, where the rate can change at any time, a term deposit's rate stays fixed for the whole term. MONETA Money Bank offers four standard terms: 1, 3, 6, and 12 months, with the principal plus interest transferred back to the linked account once the term ends. The deposit can be opened repeatedly – the bank allows several term deposits to run at the same time, so savings can be split across different maturities depending on when the money is needed.

Interest Rates

The rate depends on the chosen term, and for the shortest term also on the deposited amount:

• 1 month: 3.7% p.a. – but only for deposits of CZK 1,500,000 or more; below that threshold the rate is 2.7% p.a.
• 3 months: 3.7% p.a., regardless of the deposited amount
• 6 months: 3.5% p.a.
• 12 months: 3.5% p.a.

In practice, the 3-month deposit offers the best value – it matches the 3.7% p.a. rate of the 1-month deposit, but without the CZK 1.5 million threshold. The longer 6- and 12-month deposits, on the other hand, carry a lower rate of just 3.5% p.a., so money gets tied up for longer at a worse rate than the shorter 3-month option. Before opening a longer-term deposit, it is worth checking whether locking money away for longer than three months actually makes sense given the lower rate.

Terms and Fees

The minimum deposit in koruna is CZK 15,000, with no upper limit. Opening the deposit requires holding a current or savings account in koruna with MONETA Money Bank – but that account can be opened at the same time as the deposit, so being an existing customer is not required. The bank also offers term deposits in euros or US dollars, with a minimum deposit of 500 in the relevant currency, which requires an account held in that same foreign currency.

Withdrawing the money before the agreed maturity date triggers a fee of 2% p.a. of the withdrawn amount, with a minimum of 0.5% and a maximum of 6%, depending on how many days remain until maturity – the closer the withdrawal is to the maturity date, the lower the fee. An early withdrawal can therefore significantly reduce, or even almost wipe out, the interest earned, so this is worth factoring in when choosing the term. Deposits are protected by law up to EUR 100,000, the same statutory guarantee that applies to all banks operating in the Czech Republic, which keeps the risk of losing the deposited money in case of bank trouble minimal.

Summary

MONETA Money Bank's term deposit suits savers who want to park spare cash for a few months at a clearly stated, fixed rate, without having to track any card-turnover conditions, minimum transaction counts, or new-customer requirements – none of that applies here. The most attractive option is the 3-month deposit at 3.7% p.a., available from as little as CZK 15,000. Anyone considering a 12-month deposit should factor in the lower 3.5% p.a. rate and weigh whether a shorter, better-paying deposit – or repeatedly rolling over 3-month deposits – might work out better. It's also important to be confident the money won't be needed sooner, since early withdrawal comes with a fee that eats into the return.