The customer may deposit by part or all of his/her credit balance on his/her account if it reaches the minimum amount requested by the bank for a fixed period of time and the bank will pay interest at the rate fixed at the starting date of the deposit.

Customers may open time deposit accounts in HUF, EUR, USD and CNY separately. The periods of time deposit for HUF, USD and EUR are: one week, one month, three months, six months and twelve months. For CNY there is only one term, it is one month.

The minimum balances for fixed deposits for one week (paper-based) in each currency are 200,000HUF, 10,000EUR, 10,000USD separately.

The minimum balances for fixed deposits through BOC NetBank in each currency are 200,000HUF, 1,000EUR, 1,000USD separately.

The minimum balances for fixed time deposits for periods longer than one week (paper-based)  in each currency are 200,000HUF,1,000USD,1,000EUR,10,000 CNY separately

Characteristics

1. Each item of deposit is shown in a separate bill which specifies the currency code, the value date, maturity date, principal and interest rate.

2. Time deposits will be automatically renewed unless further instruction is given by the client in writing before maturity date.

3. No interest will be paid if the funds are drawn before the maturity of the time deposit.

4.Cash withdrawal of 1 million Forint (including) or equivalent foreign currency , one day notice is required, over 1 million Forint (including) to 5 million Forint or equivalent foreign currency, two-days notice is required, over 5 million (including), three days notice is required.

Procedures for Account Opening

The same currency’s current account should be opened before making a fixed term deposit.

The Customer can apply at the counters of the bank in person or send application by fax if he/she has already signed a fax business contract with the bank.