Revolving Term Deposit

Revolving Term Deposits will appreciate your funds in Czech crowns or other currencies (EUR and USD).

 

A Revolving Term Deposit can be opened for 1 or 2 weeks, or 1, 3, 6, or 12 months.

Benefits of Term Deposits

  • A higher interest rate than on a Current account or Business Saving Account
  • The more you save, the higher the interest rate that you get on your deposit
  • The money deposited in a term deposit is separate from your current account
  • You choose the duration of the term deposit based on your needs
  • You can have all your transactions in a term deposit under control with statements, which you can receive by post or electronically (eStatement), or pick up in person
  • Term deposits can be established in the following currencies: CZK, EUR, and USD
  • You can prematurely withdraw your term deposit subject to a penalty, the amount of which is specified in the current List of Tariffs
  • Your term deposits are insured by law
  • All operations with your term deposit, with the exception of a premature cancellation, are free of charge
  • Furthermore, a Revolving Term Deposit is tied to your current account, so that money can be transferred automatically between them
  • You can also open and manage your Single and Revolving Term Deposit through BankKlient, Revolving Term Deposit through Internet Banking 24 hours a day, 7 days a week

Revolving Term Deposit Description

A Revolving Term Deposit not only appreciates your available funds, but until you terminate it, it will keep renewing itself for the period you specify.

  • After the expiration of the agreed term, a Revolving Term Deposit will renew automatically for another period of an equal length
  • You can put money into a Revolving Term Deposit either in cash or by a cashless transfer from your current account at MONETA Money Bank
  • Through your current account, you can make deposits in your Revolving Term Deposit and withdrawals from your Revolving Term Deposit, on its roll-over days
  • You can have money automatically transferred from your Revolving Term Deposit to your current account, and/or from your current account to your Revolving Term Deposit, on its roll-over day
  • The minimum deposit amount is CZK 40,000; EUR 1,500; and USD 1,500

Interest Rate

A Revolving Term Deposit accrues an interest rate in bands, based on the current Interest Rate List.

  • The interest rate only changes on the Revolving Term Deposit roll-over date.
  • You can have interest credited in the particular Revolving Term Deposit or have it transferred to your current account.

Term of the Deposit

A Revolving Term Deposit can be opened for 1 or 2 weeks, or 1, 3, 6, or 12 months.

Open a Term Deposit

Open a Revolving Term Deposit via Internet Banking or at the MONETA Money Bank branch that maintains your current account.

A condition for the opening of a Revolving Term Deposit is the existence of a current account in the relevant currency

Link between Your Revolving Term Deposit and Your Current Account

You can set any limit (amount) in your current account.

If the balance of your current account is above that limit on the Revolving Term Deposit roll-over day, the excess money will be automatically transferred to the Revolving Term Deposit.

If the balance of your current account is below the limit, money will be automatically transferred from the Revolving Term Deposit to your current account.

Example of a link between a Revolving Term Deposit (RTD) and a current account (CA):

Link between Your Revolving Term Deposit and Your Current Account

Open a Term Deposit with Us

Leave us your contact information and our telephone banker will call you back at no cost and help you.

You can also open a current account without waiting at any MONETA Money Bank branch.

You can also contant you Business Bankers for Deposits.

Conditions of the Term Deposits

If you are a MONETA Money Bank client

Legal Entities

  • A personal identification document or another identification document (driver’s licence, passport, or birth certificate) of a person authorised to represent the company

Natural Persons Acting in the Capacity of Sole Proprietors

  • A personal identification document or another identification document (driver’s licence, passport, or birth certificate)

If you are not a MONETA Money Bank client

Legal Entities

  • A personal identification document or other identification document (driver’s licence, passport, or birth certificate) of a person authorised to represent the company
  • An excerpt from the Commercial Registry or other legally acceptable document attesting to the legal capacity of the entity (e.g., Founding Document, certification, registration with a ministry)

Natural Persons Acting in the Capacity of Sole Proprietors

  • A personal identification document or other identification document (driver’s licence, passport, or birth certificate)
  • An excerpt from the Commercial Registry or other legally acceptable document attesting to the legal capacity of the entity (e.g., Founding Document, certification, registration with a ministry etc.) and a document confirming the assignment of an identification number

Open a Term Deposit with Us

Leave us your contact information and our telephone banker will call you back at no cost and help you.

You can also open a current account without waiting at any MONETA Money Bank branch.

You can also contant you Business Bankers for Deposits.

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