Moneta Money Bank from Saturday, November 20, it will increase the interest rate of the savings account to 2.5% from the current 1.5% pa This currently means the highest interest rate among easily accessible savings accounts – the current number one is Trinity Bank s 2,08 %.
At an interest rate of 2.5%, Moneta’s new and existing clients will achieve this, for deposits of up to one million crowns. Any part over a million bears interest at 0.5%, this rate remains the same as before. Otherwise, Moneta doesn’t have it for her savings account (under the names Savings or Saved) no conditions or restrictions. It is therefore not necessary to open a current account and use it.
Existing clients will not receive 2.5% interest automatically, but they must (no earlier than Saturday) open a new savings account – it will also be online. It is not enough to have an account established after the start of the previous bonus event, ie from September 16, the bank specified.
Even this savings account will not cover it by far rising inflation. Just to give you an idea: If you deposit 10,000 crowns with an interest rate of 2.5%, you leave them there for a year and the bank does not change the rate in the meantime, it will add 215 crowns more (15% tax will be deducted from the interest profit of about 252 crowns). Even if inflation in the next twelve months it reached “only” 5%, the purchasing power of your saved 10,000 will decrease by approximately 500 crowns – more than twice as much as you “earn” on saving.
The best easily available savings accounts at interest rates for new applicants |
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| Bank | Name | Maximum interest | Limitations |
| Moneta Money Bank | Savings or Saved | 2,5 % | The interest rate of 2.5% for deposits up to one million is 0.5% for part of the deposit over one million. Without conditions. From Saturday, November 20. |
| Trinity Bank | Savings account Advantage + Good client | 2,08 % | It must be money you didn’t have in Trinity on November 3rd. No limit on the total amount. |
| Expobank | Neo account | 2,01 % | Without limits. It is a current account without fees, the interest applies to any amount. |
| Banka Creditas | Savings account + | 2 % | Interest 2% for deposits up to 350 thousand, for the rest of the deposit is 1%. Without conditions. With a notice period of one month, the interest rate is up to 2.1%. |
| J&T Bank | Savings account | 2 % | The initial deposit must be at least one million crowns. This condition does not apply to existing clients who already have or have had deposits in J&T Bank in the amount of at least one million crowns or investments of at least 100 thousand crowns. The notice period is one day. With a notice period of one month (33 days), the interest rate is 2.25%. |
| Sberbank | Savings account | 1,8 % | The condition is a current account at least in the Plus variant – it is free of charge only if you pay by card at least five times a month. Interest 1.8% for deposits up to one million, or 1% for higher amounts. Without current account 1.5% and 0.8%. |
| Air Bank | Savings account | 1,5 % | For deposits up to CZK 250,000 with at least five card payments per month. The part from CZK 250,000 to CZK 1,000,000 bears interest at 0.1%, any part over CZK 1,000,000 does not bear interest. Valid from November 22, until then a maximum of 0.7%. |
| bank wire | Savings account | 1,5 % | For deposits up to CZK 200,000, valid from 1 December. For an amount from 200 thousand to one million 0.05%, from one million to 10 million 0.08%, over 10 million 0.1%. |
| Česká spořitelna | ČS savings | 1,5 % | For deposits up to CZK 200,000 for clients with a Plus current account (conditions: income of at least CZK 7,000 per month and use of at least one of the other products of the ČS group, otherwise a flat rate of CZK 100). Above this limit 0.01%. For Exclusive clients with a Plus account, the limit is 400,000, for Erste Premier clients the limit is one million crowns. Only from December 1. |
| Raiffeisenbank | Savings account XL | 1,5 % | Only clients with active use of a current account (income of at least CZK 15,000 per month and three outgoing payments per month) will reach 1.5% for deposits up to CZK 150,000. The balance from CZK 150,000 to CZK 500,000 will bear interest at the rate of 0.1%, the part of the deposit exceeding CZK 500,000 will bear interest at the rate of 0.01%. Valid from 1 December, until then a maximum of 0.4%. |
| Equa bank | Savings account Hit | 1,5 % | Interest 1.5% only for deposits up to CZK 200,000. The condition is at least three card payments per month or a total investment of at least 50,000, otherwise the interest in a given month will drop to 0.1%. Any part of the deposit over CZK 200,000 will bear interest at 0.1%. Valid from 1 December, until then a maximum of 0.4%. |
| Hello bank | Hello savings | 1 % | For deposits up to CZK 200,000. Any part over CZK 200,000 will not bear interest. |
| Source: official documents of banks, Money.cz | |||
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Some savings accounts attract even higher interest rates. But their conditions are much more complicated:
Three percent a year is offered ČSOB in an event which, as in previous years, combines a savings account and mutual funds. The condition is to put at least the same amount – at least 30 thousand – into investments. The Duo Profit product then guarantees a savings rate of 3% for one year, then it will probably fall to the standard 0.01%. In practice, you spend part of your earnings on paying entry fees in funds that some competitors do not collect at all. He also has a similar offer Sberbank: if you invest at least 300 thousand in a mutual fund, it will give you an interest rate of 2.75% on a savings account for one year – but only up to a limit of 500 thousand.
Highest interest rates on savings accounts with more significant restrictions |
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| Bank | Name | Interest | Limitations |
| ČSOB (Poštovní spořitelna) | Duo Profit | 3 % | The condition is to invest at least CZK 30,000 in mutual funds, including the entry fee. The interest of 3% on the savings account is then paid only up to the amount corresponding to the amount of the investment, the bank guarantees it for a period of one year. Then only standard interest (currently 0.01%). |
| Sberbank | Investment bonus | 2,75 % | The condition is to invest at least CZK 300,000 in mutual funds, including the entry fee. The interest of 2.75% on the savings account is then paid up to a maximum of 500 thousand, the bank guarantees it for a period of one year. For amounts over 500 thousand, the interest rate is 0.01%. |
| Banka Creditas | Richee Junior savings | 2 % | This is a savings account for children. Interest of 2% applies to deposits up to CZK 350,000, above this limit of 1%. |
| Artesa, a savings cooperative | Universal savings account | 1,7 % | The rule of 1:10 applies to credit unions – you must put one tenth of the money deposited in the membership fee. It is then valued or devalued according to the financial results of the bank and is not included in the state deposit insurance system. In other words: The part of the deposit exceeding ten times the membership share will not bear interest. |
| Raiffeisenbank | Top savings account for ING Bank clients | 1,6 % | Only for former ING Bank clients who have transferred their savings to Raiffeisenbank according to the terms of the event (they also have a current account there). Interest 1.6% up to CZK 300,000, 0.2% for an amount above this limit. |
| Moneta Money Bank | Children’s Genius | 1,5 % | This is a current account for children. Interest of 1.5% applies to deposits up to CZK 29,999, any part above this limit bears interest at 0.01%. Deposit maximum CZK 10,000 per month, withdrawal maximum CZK 5,000 per month (excluding account cancellation). |
| ČSOB (Poštovní spořitelna) | Savings with a bonus | 1,5 % | Conditions: ČSOB current account and arranging a new savings account only via the mobile application. The 1.5% interest then applies only to part of the deposit up to CZK 250,000 and only for the first three months. In other cases, the interest is as follows: 0.5% for the entire part of the deposit with a saved amount of up to CZK 250,000; 0.6% for the entire part of the deposit with the saved amount from CZK 250,000 to 500,000; 0.75% for the entire part of the deposit with a saved amount of between 500,000 and one million; 0.15% for an amount exceeding one million. |
| Source: official documents of banks, Money.cz | |||
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Therefore, a savings account will not actually increase your savings. Nevertheless, you will be left with much more than a current account with zero interest (with the exception of the current Neo account from Expobank, whose interest has long been among the top and among savings accounts). In addition, you can better save money from yourself.
If you know that you may miss some of the savings for some time and you make a commitment in advance, it pays to try other and at the same time safe options. But: no term deposits will not protect you from inflation. And it’s not even certain building savings (with a commitment of six years), which may not be helped by a state contribution to win over higher inflation. If you’re still interested, we’ve brought a new one here building savings ranking.
Inflation will fully cover up government anti-inflation bonds. You buy them for six years, but every year you can sell them early in advance (over half a million crowns with a limit) and get a yield without penalties. The bonds are sold at selected ČSOB and Česká spořitelna branches. Who has bought them before, can now even over the internet.
Or try to take more risks and start investing, for example in mutual funds or directly into shares. At Money, you will find clear and independent instructions on how to do this:
