FaQ - frequently asked questions and answers
Bonds and Premium deposits
What you should know about investing in bonds
The interest yield is usually paid once a year on determined dates. On the maturity date, the bond nominal value is paid out together with the last coupon. The price for which the bonds are bought is also important for the actual investment yield. When current yields on the bond market are lower than the bond interest yield, the bonds are sold for a higher price than their nominal value and vice versa. The current yield till maturity, calculated from the current selling price and yields that are to be paid out in the future, is therefore lower or higher than the bond interest yield.
The fixed coupon is usually paid once a year, the variable coupon is normally paid twice a year, always on determined dates. On the maturity date, the bond nominal value is paid out together with the last coupon. The price for which the bonds are bought is also important for the actual investment yield. When current yields of that type of instruments on the bond market are lower than the bond interest yield, the bonds are sold for a higher price than their nominal value and vice versa. The current yield till maturity of subordinated bonds with fixed coupons, calculated from the current selling price and yields that are to be paid out in the future, is therefore lower or higher than the bond interest yield.
The interest yield is normally paid out on the maturity date together with the bond nominal value. The price for which the bonds are bought is also important for the actual investment yield. The price of a premium bond is affected both by the development of interest rates and by the development of underlying assets that are determining for the premium amount. The yield till maturity is not calculated for premium bonds.
For natural persons, ČS bond yields are taxed at a 15% withholding tax. Income from the holding and sale of foreign bonds and debt securities are not subject to final withholding tax, but are subject to individual taxation, and if they are not tax-exempt, the taxpayer is obliged to indicate this income in the corresponding part of the tax return. Česká spořitelna, a. s., does not provide tax or legal advice. The investor must consult his tax advisor for specific tax consequences.
The price of buying and selling bonds changes depending on the development of market conditions and is published daily on the product sheet/factsheet of individual bonds. Česká spořitelna charges a one-time fee of CZK 100 per instruction (purchase or sale), regardless of the size of the investment.
To purchase a bond, it is necessary to have an asset account for investment instruments with Česká spořitelna. The establishment of an asset account is free, it can be done at any branch of Česká spořitelna based on the conclusion of the Agreement on Investment Services, the investor needs a valid identity card or passport.
Yes, to purchase bonds it is necessary to have a current account set up at Česká spořitelna.
The bonds offered by Česká spořitelna differ in the nominal value of 1 piece. For most crown issues, it amounts to 10,000 crowns, which also corresponds to the minimum investment.
Česká spořitelna bonds can be sold at any time at the currently valid price, indicative prices are available on the bond exchange rate sheet.
Terms of purchase and sale of bonds and structured notes
Taxation of investment yields
What you should know about investing
in premium deposits FX
An investor can profit from the expected strengthening of the koruna against the euro, or euro against the US dollar (for EUR and USD issues). Every day during the premium period, when the exchange rate announced by the CNB for that day is within the set range, a premium corresponding to the higher interest rate is added to the deposit. The band that brings a higher premium is biased to gain and automatically shifts each calendar month according to the currently valid exchange rate. The investor thus has a higher chance of repeatedly attributing a higher premium in the event of a strengthening of the czech crown against the euro, or euros against the US dollar (for EUR and USD issues).
Yes, premium deposits are covered by statutory deposit insurance, just like term deposits.
Premium deposits are subject to the same taxation as term deposits, for natural persons the income is taxed at a 15% withholding tax.
No, establishing and maintaining a deposit is completely free. Selected issues may have a fixed deposit price.
In order to establish a premium deposit, it is necessary to have an asset account for investment instruments with Česká spořitelna. The establishment of an asset account is free, it can be done at any branch of Česká spořitelna based on the conclusion of the Agreement on Investment Services, the investor needs a valid identity card or passport.
Yes, in order to establish a premium deposit, it is necessary to have a current account with Česká spořitelna in the relevant currency.
The minimum investment for premium deposits is 10,000 crown. The minimum investment for a currency premium deposit in EUR is 100 euros and for a currency premium deposit in USD it is 100 dollars.
Yes, in the standard offer you will find Premium Deposits FX in EUR or in USD, the yield of which depends on the development of the USD/EUR exchange rate.
Terms of purchase and sale of premium deposits FX
Taxation of investment yields
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