K&H Long-Term Deposit and Investment Account

you can reduce the interest tax payable in respect of your savings, or even make them fully exempt from interest tax

  • you may become exempt from the tax payable in respect of the yield realised on your investments
  • you can regularly top up your investments; during the accumulation period you can set the frequency of top-ups
  • your savings on the deposit account are secured by the National Deposit Insurance Fund (OBA)
K&H Long-Term Deposit and Investment Account

Details details

K&H Long-Term Investment Account

for holding securities-type savings (e.g. investment units, shares and bonds)

K&H Long-Term Deposit Account

for holding bank deposits

minimum opening balance

25 000 HUF

transaction volume going through the account

in the year when you open the account (in the ‘accumulation year’) you can top up your account balance by any sum (by paying in cash or money transfer); however, payments and other items may not be credited to the account following the year of account opening. Money may be paid out of the account (in the form of cash withdrawal or outgoing transfer) on the last day of the 3rd year following the year in which the account was opened – except if the account is terminated.

  • you decide which savings to place in the various long-term investment options offered by K&H, ranging from safe and stable options through to risky savings offering the possibility of high returns

  • you can perform any number of transactions using savings placed into long-term investments; it is not necessary to keep savings in a specific type of security

  • you can decide whether you wish to access your savings after 3 or 5 years, in line with your investment objectives

  • a partial sum may be withdrawn on one occasion, on the last working day of the 3rd year of the investment period

  • in each calendar year only one investment and one deposit account may be opened with the same financial service provider (bank or broker company) for the purpose of long-term investments

conditions

general contracting terms and conditions for bank account, deposit account and term deposit products
forint interest rate announcement
announcement on investment services and securities
general tems and conditions
general terms and conditions for investment and complementary investment services provided by K&H bank
announcement on the bank accounts, deposit accounts, term deposits and cash transacitons of private individual customers

product insured by OBA

We draw your attention to the consumer protection website of the where Financial Consumer Protection Centre of the National Bank of Hungary you can find useful product descriptions and various applications for comparison (loan calculator, budget calculator for households).

1. In the case of KBC investment funds sold by the Bank as the distributor: This material does not constitute an offer. The Bank reserves the right to modify conditions. For a detailed product description and product conditions, as well as additional conditions, please consult the Special Information for Investors; the Announcement on Investment Services and Securities Transactions; and K&H Bank Zrt.’s General Terms and Conditions covering K&H Bank Zrt.’s investment and supplementary services, which may be viewed in our bank branches or at www.kh.hu.

2. In the case of KBC funds sold to private banking customers not in the capacity of distributor:   This material does not constitute an offer. The Bank reserves the right to modify conditions. A detailed description of the products and services, their terms and conditions and further details can be found in the Product Sheet, the Announcement on the Bank Accounts, Deposits, Cash Payment Transactions Bank Cards and Investments of Private Banking Customers; as well as K&H Bank Zrt.’s General Terms and Conditions covering K&H Bank Zrt.’s investment and supplementary services, which may be viewed in our bank branches or at www.kh.hu.