Go to special offer 3,00 % p.a.
Looking for a safe way to increase the value of your available funds in Czech crowns? Want to know exactly and at any time what the yield on your deposit is and when your money will be available? Choose the IQ MAXI Deposit.
What is IQ MAXI Deposit?
The IQ MAXI Deposit is a term deposit that will appreciate your available funds during a period of time you select. The IQ MAXI Deposit is a flexible savings solution designed to meet your midterm savings needs over a period of one to five years with no opening or administration fees. It depends only on you how long you want to save.
You can close your IQ MAXI Deposit early and have your money available immediately. After the end of the agreed term, you can freely use your funds plus accrued interest. We offer two variants of the IQ MAXI Deposit, which differ by the interest rate and the conditions for early termination.
Who is IQ MAXI Deposit designed for?
The IQ MAXI Deposit is intended for private individuals as a secure means for making lump-sum deposits for periods ranging from one to five years.
Information on IQ MAXI Deposit for both variants:
| Opening and administration: | Free |
| Minimum deposit: | CZK 100.000 |
| Maximum deposit: | Unlimited |
| Deposit currency: | CZK only |
| Term: | 1, 2, 3, 4, or 5 years |
| LBBW Bank current account: | Yes (free of charge) |
| Interest: | Credited at the end of deposit term |
| Number of deposits per person: | Unlimited |
IQ MAXI Deposit Variant No. 1:
| Interest on any balance:1) | Up to 2,5 % p.a. |
| Early termination fee: | 1,25 %3) of deposited sum; interest accrued during the deposit term will be credited. |
IQ MAXI Deposit Variant No. 2:
| Interest on any balance:1) | 3,00 % p.a. for five-year term - special offer2) |
| Early termination fee: | The agreed interest at the rate will not be paid in the event of early termination of the deposit, only the principal will be paid (i.e. the original sum deposited by the client). |
1) from CZK 100 000
2) This special offer applies to deposits with a maturity period of five years and the option where early termination of a deposit, if applicable, cancels the right to the agreed interest. The Bank reserves the right to extend or cancel the validity of this special offer at any time.
3) In case of termination before the maturity date, a charge of 1,25 % of the principal is applied for deposits since 14. 6. 2010. For deposits before 14. 6. 2010 is a penalty fee of 2 % of the deposit.
Benefits:
- above-average yield (high interest rate)
- no opening and administration fees
- guaranteed yield on maturity known in advance
- security and safety (funds are insured in accordance with the law)
- current account free of charge
- an unlimited number of deposits can be opened
An advantage is that if necessary, you can terminate your deposit early, where you will either lose your entitlement to accrued interest or pay a penalty fee. It depends on you what option you chose when opening your term deposit.
Requirements for opening IQ MAXI Deposit:
- age over 18 years
- valid identification
- LBBW Bank current account
More information
- Current interest rates (page 2 of the list of interest rates for Private and Personal Banking)
- Table of Fees and Commissions - IQ MAXI Deposit
How to obtain IQ MAXI Deposit?
Call 844 844 822 between Monday to Friday, and we will contact you the next business day at the latest to arrange a personal meeting. You can also visit any of our branches where selected branches are opened on weekends.
