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J&T BANKA Presents a New Deposit Account for Corporate Clients

14. April 2011

Prague, April 15, 2011

J&T BANKA extends its product portfolio and introduces a new deposit product in the Czech market. The new product offers attractive yield while making the deposited funds reasonably available. The new Deposit Account has a 33-day notice period and is subject to band interest rates.

“Our product range has so far lacked a similar product designed for corporate clients. Therefore, we have decided to extend our product portfolio in this direction and offer our clients a mid-term deposit,” says Miroslav Minařík, Sales Director for Corporate Clients with J&T BANKA, and adds: “Many firms these days do not want or cannot put away their funds for a year or longer, but at the same time they want to enjoy a better interest rate than their current account offers.”

One of the benefits of the Deposit Account is an attractive notice period of 33 days, and monthly accruing interest depending on the deposited amount. The band interest rate ranges from 1.5% to 1.7%. The minimum deposit is CZK 3 million. The client may deposit additional funds to the account anytime and withdraw them when the notice period expires. “Same as with our other term deposits, opening and keeping the Deposit Account is free of charge,” Miroslav Minařík adds.