Fast reaction. Banks took into account the decrease in CNB rates by reducing interest on savings accounts

Banks take into account the reduction of CNB interest rates in their savings products. A number of them again reduced the basic rates or adjusted the conditions for their provision. However, the highest rate on a savings account is still only slightly above six percent. This follows from the analysis of the Portu company. On Thursday, the Czech National Bank again reduced rates by half a point to 5.25 percent.

The highest interest rate on a savings account can currently be obtained from Trinity bank, which offers 6.08 percent up to 250,000 crowns. A rate of 5.58 percent applies to deposits from 250,000 to 10 million. For deposits over ten million, it is 4.08 percent. This offer is valid for new clients. However, Trinity Bank has already informed clients that it will reduce the interest rate to 5.08 percent from May 6.

The recently launched Partners bank has an interest rate of 6.03 percent. It does not set a limit on the maximum interest amount, but it is necessary to pay five times each month by card, otherwise the bank will reduce the rate to three percent after three months. With VÚB Banka, you can earn interest of 5.8 percent on a savings account, which pays interest on all deposits, without setting their upper limit or any other conditions. It is a branch of a Slovak bank, and if the client does not provide a tax domicile certificate from the tax office, the bank will deduct a tax of 19 percent.

Max Bank offers an interest rate of 5.7 percent up to 500,000. The balance above this limit will earn 5.6 percent interest. UniCredit reduced the interest on the savings account to five percent. This is an event only for new clients who open a current account at the same time. Interest is paid on deposits up to two million. The condition is to pay at least three times with a card issued for a current account. Fio bank holds a rate of 5.5 percent, which pays interest on savings account deposits up to 200,000. At the same time, the bank offers an alternative in the form of a savings account, on which you can use four percent interest with no deposit limit.

Air Bank has reduced interest rates, currently offering 3.75 percent for deposits up to one million crowns. However, it is necessary to pay by card five times a month, and the client must have a monthly income of at least 25,000 on the current account. Creditas offers a rate of 5.2 percent for deposits up to 500 thousand, above this limit it is 2.5 percent. mBank still offers 5.5 percent, but the condition is a current account and the choice of one to eight ‘goals’. A maximum of 100,000 can be saved in each. Interest guaranteed until the end of June. Moneta Money Bank currently offers 4.6 percent for deposits up to one million CZK, part of the deposit above one million bears interest of 0.5 percent.

At Komerční banka, clients can get up to a rate of 4.5 percent. The basic interest rate is two percent and up to 200,000. Deposits above 200,000 receive 0.01 percent interest.

Raiffeisenbank clients can still reach a rate of five percent, of which the basic interest rate is 0.1 percent and the bonus is 4.9 percent. This can be obtained when clients pay by card three times a month. J&T Banka offers five percent, the condition is a minimum deposit of one million.

At Česká spořitelna, you can get a rate of five percent, but up to 200,000. In addition, you need to have a Plus account, Internet banking George and invest or contribute to pension savings of at least 2,000 crowns per month. ČSOB offers five percent for deposits up to 250,000. However, it is necessary to pay by card five times a month and visit ČSOB Smart at least once every three months. Deposits over 250,000 will earn interest at a rate of 3.3 percent, over a million crowns at 0.15 percent.

The CNB started the decline in interest rates last December, when in the first step it lowered the base interest rate by a quarter of a percentage point to 6.75 percent. Before that, rates were unchanged at seven percent for a year and a half. In February of this year, the CNB accelerated its rate reduction, when it went for a drop of half a percentage point, and repeated the same step at the March and May meetings.