IQ Savings Account in CZK

Cleverly put your money to work with an IQ Savings Account, which increases your savings with no worries. Receive an advantageous interest rate of up to 2.35 % p.a.

What is an IQ Savings Account

An IQ Savings Account is a product that increases the value of your surplus funds more effectively than, for instance, a current account. Any sum can be deposited in an IQ Savings Account, in Czech crowns, at any time. Deposit in cash, by a transfer of funds, or use a standing payment order from a current account maintained at LBBW Bank, or at another financial institution. Withdrawals are subject to a one-month notice period. With an IQ Savings Account, you get an attractive interest rate that reflects current market conditions.

Main Advantages

• A clever way of saving money, thanks to an above average interest rate
• Interest is credited monthly
• Not necessary to have a LBBW Bank current account
• Deposits are insured up to EUR 100,000 (CZK 2.5 million)
• Access to your account is available at any LBBW Bank branch
• An account may be opened by visiting an LBBW branch or by calling the toll-free line at 800 700 800 (give us your contact details and our personal advisors will contact you)
• An IQ Savings Account can even be opened for your children

Free of charge Services

• Opening, maintaining, and closing of your account
• Internet banking that includes information services (account balance information available 24 hours a day)
• All incoming domestic transactions
• Cash deposits
• Electronic account statements sent by e-mail at a frequency of your choice (monthly, quarterly, annually) or annual paper statements*

*If Internet banking is not set up for the product or if statements are not sent by e-mail, LBBW Bank will send monthly paper statements subject to the fee stated in the Table of Fees and Commissions.

Interest Rate for an IQ Savings Account

* the interest rates are valid for the entire deposit

Additional Information

• The interest rate for an IQ Savings Account fluctuates depending on market conditions
• The account is in CZK
• Withdrawals from the savings account are subject to a one-month notice period; a penalty fee is charged for early withdrawals

Requirements for opening an IQ Savings Account

• Must be over 18 years of age
• Valid identification document

More Resources

• Current interest rate (page 4 in the table of interest rates for Private and Personal Banking)
• Table of Fees and Commissions - IQ Savings Account

Call 800 700 800, or visit any LBBW Bank branch, for detailed information about LBBW savings accounts.