K&H security deposits
Are you required to set aside a reserve? Keep it in a security deposit account: you comply with the legal provisions and even earn an interest.
- the security deposit earns a decent interest
- the operation of the account is free of charge
details
term of the deposit |
according to statutory requirements |
---|---|
minimum deposit amount |
according to statutory requirements |
rate of interest* |
|
account management fee |
free of charge |
* so called tiered interest, i.e. if your account balance is in the higher range the Bank will pay the higher interest rate on the entire account balance.
(UDRI = Unified Deposit Rate Index)
For further terms and conditions see the Announcement for Corporate Clients.
The K&H security deposits are insured by the National Deposit Insurance Fund.
who is it recommended for?
- managers of businesses that are required by law to set aside a security deposit
- such businesses include but not limited to the following:
- tour operators, employment placement agencies, temporary work agencies, taxi operators, funeral undertakers, waste managers