K&H Seasonal Savings Accounts

a longer-term form of investment, which combines flexibility

  • the basic interest rate is booked monthly
  • a flexible form of investment, where the tenor does not need to be set in advance
K&H Seasonal Savings Accounts

details

interest payment
K&H Seasonal Savings Account – in June and December

  • basic interest rate: 0.05% (UDRI: 0.05%)
  • premium interest rate 0% (UDRI: 0%)

interest payment
K&H Seasonal Savings Account – in March and September

  • basic interest rate: 0.10% (UDRI: 0.10%)
  • premium interest rate: 0% (UDRI: 0%)

basic interest rate

  • it is calculated on the account’s daily balance (irrespectively of the size of the balance)
  • booked monthly
  • not subject to a minimum value
  • in respect of the basic interest rate the account is of variable interest rate

flexible

you may add any amount to your account balance at any time; what’s more, you can even withdraw money from your account at any time, without losing your entitlement to basic interest

account management fee
K&H Seasonal Savings Account – in June and December

The monthly account management fee of the K&H Seasonal Savings Account is the Fee of K&H Retail HUF Bank Account; if the account holder has any opened retail bank account the campaign fee is HUF 0 until December 31, 2020 (UDRI: 0.05%)

account management fee
K&H Seasonal Savings Account – in March and September

The monthly account management fee of the K&H Seasonal Savings Account is the Fee of K&H Retail HUF Bank Account; if the account holder has any opened retail bank account the campaign fee is HUF 0 until December 31, 2020 (UDRI: 0.05%)

* If the main account holder of the K&H Seasons Savings Account June and December or the K&H Seasons Savings Account March and September has a valid retail bank account on the last day of the calendar month, in the position of the main account holder.

  • the prevailing interest rates and conditions may be viewed in the Retail HUF Interest Announcement (Annex 4) and in the Announcement pertaining to the bank accounts, deposit accounts, term deposits and cash payment transactions of natural persons (Account Management Announcement)
  • you can access your money even in unexpected situations without the loss of basic interest
  • you may open any K&H Seasonal Savings Account on its own as well, you don’t need to have a bank account to qualify for one
  • each customer may only hold one of each of the K&H Seasonal Savings Account (June and December) and the K&H Seasonal Savings Account (March and September)
  • you may not set up direct debits on your account, and you may not apply for a card to go with it
  • you may not set up a term deposit from the K&H Seasonal Savings Account

adjusted to your needs

In respect of basic interest, the account has variable interest rate. If you terminate your account within 1 year of the date of account opening, we will charge an account termination fee of 6244 HUF.
  • your savings will earn you monthly basic interest (UDRI: 0.50%), plus premium interest every 6 months (UDRI: 0,75%)

  • in our example the account is opened on January 23, 2016 – then an item/payment is credited to the account, and a second payment is also deposited into the account in the first premium interest period

  • in the example you will first receive premium interest in respect of the savings deposited on January 23, 2016 on December 31, 2016, because this is the end of the first full premium interest period, and also because the balance of your savings exceeded 500 thousand HUF from the date of money being deposited into the account through to the end of the 1st premium interest period

  • the basis of the premium interest falling due on December 31, 2016 is the lowest daily balance in the relevant premium interest period; i.e. 1 million HUF

  • interest is paid in respect of the balance you boosted by depositing an extra sum of 1 million HUF at the end of the 2nd premium interest period; i.e. on June 30, 2015, in respect of the January 1 to June 30, 2016 period, in line with the then prevailing interest rates and conditions

The K&H Seasonal Savings Accounts are insured by the National Deposit Insurance Fund.

conditions

general contracting terms and conditions for bank account, deposit account and term deposit products
announcement on the bank accounts, deposit accounts, term deposits and cash transacitons of private individual customers
forint interest rate announcement
general terms and conditions
We draw your attention to the consumer protection website of the Financial Consumer Protection Centre of the National Bank of Hungary where you can find useful product descriptions and various applications for comparison (loan calculator, budget calculator for households).
The present information is a marketing communication and it does not qualify as an offer, it is intended merely to attract attention. For a detailed description and conditions of the product, service, please consult the client contract, the General Contracting Terms and Conditions for Banking Services requiring Electronic Identification, the General terms and Conditions on Investment Services, the current K&H Bank’s announcement on the bank accounts, deposits, cash transactions, bankcards and investments of premium banking clients and the current announcement on the bank accounts, deposits, cash transactions, bankcards and investments of private banking customers. The Bank reserves the right to modify conditions.