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Měnový prémiový vklad v CZK 11/2021




2021/12/03 16:31:00
Bid Ask
10,000.00 -
Minimum yield 0% p.a.
Difference 0.00% (0.00)

General attributes

Product typePremium deposits FX
IssuerČeská spořitelna, a.s.
Issue date2021/11/15
CurrencyCZK
UnderlyingCZK/EUR
-
Maturity2022/11/30
Minimum rate1.25% p.a.
Basic lower rate1.25% p.a.
Premium upper rate4.25% p.a.
Range width0 až -0.10 CZK
Barrier in %-
Investor tolerance1 (scale 1-7)

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The information on the locked yield of products (in % p.a.) is only informative and is not binding for actual payment. The final yield value that is to be paid for the full product duration will be calculated shortly before its maturity. The previous performance will not guarantee the future performance.
Source: Česká spořitelna, a. s.
Advantages Disadvantages
  • Deposit tenure 1 year.
  • The deposit is managed in CZK.
  • Premium deposits and their yields are subject to insurance alike other term deposits.
  • The deposits are deposited at Česká spořitelna and are set up and managed free of charge.
  • The minimum investment is 10 000 CZK (and multiples of CZK 10 000).
  • The offer applies to deposits set up from 15.11.2021 till 29.11.2021.
  • The period of floating interest rates lasts from 1.12.2021 to 29.11.2022. 
  • There is no interest applied to the deposit until 30.11.2021. 
  • Interest yields are subject to the same tax as other deposit products
  • with selected issues of premium deposits, the Bank may determine the deposit minimum limit

Secondary market

The premium deposit with the features as stated above may only be set up till deposits in the amount corresponding to the type of premium deposit as determined by the Bank have been paid down. Currency premium deposits may be terminated ahead of schedule at ČS branches at any time. In such a case, however, a fee amounting to 2% of the withdrawn amount is charged due to additional bank costs.

Disclaimer

A Premium Deposit with the stated properties can only be set up till the volume of the issue of Premium Deposits as determined by the bank is used up. Currency Premium Deposits may be terminated ahead of schedule at Česká spořitelna branches at any time. In such a case, however, a fee is charged pursuant to the Premium Deposit Contract due to additional bank costs. You will get more details of advantages, risks and other significant circumstances related to Premium Deposits at the branches of Česká spořitelna. The information sources used are generally regarded as reliable, although Česká spořitelna  or Erste Group Bank cannot guarantee the correctness and completeness of the information contained therein. The aim of this web page is to give information on the services and products contained therein; it is not a binding proposal establishing any rights and obligations for participants. All information you can find here is of informative nature only. Before using the web page for investment, a specialized Česká spořitelna consultant should be consulted.


2021/12/03 16:31:00
Bid Ask
10,000.00 -
Minimum yield 0% p.a.
Difference 0.00% (0.00)

General attributes

Product typePremium deposits FX
IssuerČeská spořitelna, a.s.
Issue date2021/11/15
CurrencyCZK
UnderlyingCZK/EUR
-
Maturity2022/11/30
Minimum rate1.25% p.a.
Basic lower rate1.25% p.a.
Premium upper rate4.25% p.a.
Range width0 až -0.10 CZK
Barrier in %-
Nominal amount10,000.00
Underlying price25.42
Underlying price date2021/12/02
Strike day2021/11/30
Observation periodDaily
First trading day2021/11/15
Last trading day2021/11/29
Revolvingno
Minimum investment10,000
Maximum yield4.25% p.a.

Premium deposits FX | Description

Premium deposits are the right products to deposit funds that are free for a limited period of time.  The premium of the currency premium deposit depends on the development of the determined currency pair. Interest is applied every day at a higher or lower rate depending on whether the exchange rate is inside or outside the determined range. The range is changed for every month pursuant to the last rate in the previous month. The total deposit yield is a sum of yields for all days of the premium period.

Description Yield Calculation

Interest at a rate of 1,25% or 4,25% p. a. is paid on the premium deposit every day. The higher interest rate will be applied if the CZK/EUR exchange rate as announced by CNB for the respective day is inside the determined range (including limiting values). Thus the resulting deposit yield will be a sum of the yields for individual interest days. The first determining range will be set pursuant to the exchange rate as announced by CNB on 30.11.2021. The limit of the determining range will be 10 heller (CZK) below the rate. The yield depends on the development of the CZK/EUR exchange rate as announced by CNB for every day. The higher yield falls on the day that CZK becomes stronger in the determined range in comparison with its rate at the beginning of the month. The determining range for the determination of the premium will be set monthly pursuant to the current value of the exchange rate, in the range from CZK 0 to -0.10.
Principal and yield payout from 30.11.2022.


Disclaimer

A Premium Deposit with the stated properties can only be set up till the volume of the issue of Premium Deposits as determined by the bank is used up. Currency Premium Deposits may be terminated ahead of schedule at Česká spořitelna branches at any time. In such a case, however, a fee is charged pursuant to the Premium Deposit Contract due to additional bank costs. You will get more details of advantages, risks and other significant circumstances related to Premium Deposits at the branches of Česká spořitelna. The information sources used are generally regarded as reliable, although Česká spořitelna  or Erste Group Bank cannot guarantee the correctness and completeness of the information contained therein. The aim of this web page is to give information on the services and products contained therein; it is not a binding proposal establishing any rights and obligations for participants. All information you can find here is of informative nature only. Before using the web page for investment, a specialized Česká spořitelna consultant should be consulted.

2021/12/03 16:31:00
Bid Ask
10,000.00 -
Minimum yield 0% p.a.
Difference 0.00% (0.00)

2021/12/02
Bid Ask
- CZK - CZK
1 EUR = 25.4200 CZK
1 CZK = 0.03934 EUR
Difference -0.10% (-0.03)

General attributes

Exchange rateCNB rate
Exchange Central bank exchange rate fixing
Security typeCurrency

Market data

Open25.4200 EUR
High25.4200 EUR
Low25.4200 EUR
Close (prev. day)25.4450 EUR

Performance and Risk

1W6m1Y3Y
Perf (%)-0.22%-0.06%-3.03%-1.96%
Perf (abs.)-0.06-0.02-0.80-0.51
Beta----
Volatility7.063.433.654.60

Futures and Options

Related Futures-
Related Options-
Scale: ABS REL         Underlying

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Performance since inception. Performances under 12 month have only little informative value because of the short maturity. Information about previous performance does not guarantee future performance.
Source: Česká spořitelna, a. s.

Price data

Ø price 5 days | Ø volume 5 days (pcs.)25.5940 EUR (0)
Ø price 30 days | Ø volume 30 days (pcs.)25.4405 EUR (0)
Ø price 100 days | Ø volume 100 days (pcs.)25.4341 EUR (0)
Ø price 250 days | Ø volume 250 days (pcs.)25.6314 EUR (0)
YTD High | date26.4200 EUR (2021/03/08)
YTD Low | date25.1950 EUR (2021/11/09)
52 Weeks High | date26.5200 EUR (2020/12/05)
52 Weeks Low | date25.1950 EUR (2021/11/09)

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