Do you have available funds you do not need at the moment, or are you left with a certain sum on your business account every month? Do you want to increase the value of your money using a risk-free high-quality product? Take advantage of our free offer of IQ Business Savings Account with one-month notice period in Czech crowns or EUR.
What is the IQ Business Savings Account
IQ Business Savings Account is a product designed for all entrepreneurs and companies with a turnover up to CZK 300 million. Any sum can be deposited to an IQ Business Savings Account at any time in cash, by a transfer of funds, or using a recurring payment order from a current account maintained at LBBW Bank or at another financial institution. All deposits are free of charge.
Advantages of the IQ Business Savings Account
- No account maintenance fee
- Special interest rate*
- Interest credited monthly
- Incoming domestic payments and CZK cash deposits free of charge**
- Account access available at any LBBW Bank branch
- No need to have an LBBW Bank current account (you do not have to change your bank)
- Free Internet banking that includes information services (you will have account balance information available 24 hours a day)
- Monthly account statements sent by mail or email free of charge
* Actual interest rates are announced in the Table of Interest Rates for Entrerpreneurs and Small Business
on page 3
** Applies to savings accounts denominated in CZK.
- The interest rate for IQ Business Savings Account fluctuates depending on market developments
- Withdrawals from the Business Savings Account are subject to a one-month notice period; a penalty fee is charged for early withdrawals
Requirements for opening an IQ Business Savings Account
Note: An identification document is a personal identification card or a passport; foreigners must present a passport with (i) valid long-term visa or (ii) valid residency permit
- The current interest rate is announced in the Table of Interest Rates for entrepreneurs and small enterprises
- Table of Fees and Commissions / IQ Business Savings Account
For detailed information about the LBBW Business Savings Account, call 800 700 800 or visit any LBBW Bank branch.