Sberbank CZ Raises Deposit Interest Rates

10/15/2018

Starting from 15 October 2018, Sberbank CZ raises savings and time deposit interest rates. Representing one of the best deals in the market, the bank’s FAIR Savings PLUS savings account (arranged to FAIR Account AKTIV or OPTIMAL) will newly bear interest of 1.03% p.a. on deposits up to CZK 300,000.

Sberbank CZ repeatedly confirms its position as a leading bank offering top deposit intertest rates in the market on a long-term basis. Savings interest rates for our FAIR Savings PLUS savings account on savings up to CZK 300,000 currently rank among the highest rates in the market, says Sberbank CZ Management Board Member Jiří Antoš.

FAIR Savings PLUS as of 15 October 2018 ≤ 300 000 > 300 000 ≤ 3 000 000 > 3,000,000
arranged to FAIR Account AKTIV or OPTIMAL 1.03% 0.23% 0.01%

Starting from 15 October 2018, Sberbank CZ raises also interest rates for CZK time deposits. Time deposits of one, two and three years will newly bear interest of 0.7%, 1.00% and 1.20% p.a., respectively. Taking account of the raised CNB base rate, Sberbank CZ raised its savings and time deposit interest rates already last year, as one of the first financial institutions in the market; and continues to raise the rates further. Clients seeking higher return on deposits are recommended to visit the bank’s branches and contact the bank’s specialists for further options.

Time Deposits as of 15 October 2018 1 year 2 years 3 years
CZK 0.70% 1.00% 1.20%

Sberbank CZ, a.s.
Sberbank CZ is a universal commercial bank with a comprehensive portfolio of financial products and services designed for private individuals, SME and large enterprises including banking products, FX derivatives, structure finance and export finance. Taking pride in its unyielding commitment to quality and the utmost customer satisfaction, Sberbank CZ delivers fair and responsive services on top of its FAIR products offered at transparent prices and conditions. Sberbank CZ has been operating in the Czech market since 1993; as of 1 January 1997, as an independent joint stock company. The majority stakeholder of Sberbank CZ is Sberbank Europe AG headquartered in Vienna.