K&H Long-Term 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
- during the accumulation period you can set the frequency of top-ups
details
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K&H Long-Term Investment Account |
for holding securities-type savings (e.g. investment units, shares and bonds) |
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minimum opening balance |
25 000 HUF |
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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. |
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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
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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
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you can decide whether you wish to access your savings after 3 or 5 years, in line with your investment objectives
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a partial sum may be withdrawn on one occasion, on the last working day of the 3rd year of the investment period
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in each calendar year only one investment may be opened with the same financial service provider (bank or broker company) for the purpose of long-term investments
The K&H Long-Term Investment Account is insured by the National Deposit Insurance Fund.
who is it recommended for?
- those who do not want to pay interest tax or health contribution in respect of their investments
- those who have specific investment objectives over time horizons of 3 or 5 years
- those who have a preference for capital and yield-protected funds with fixed terms
We draw your attention to the consumer protection website of Financial Navigator Advisory of the National Bank of Hungary where you can find useful product descriptions and various applications for comparison (loan calculator, budget calculator for households).
2. In the case of KBC funds sold to private banking customers not in the capacity of distributor: This material is a marketing document and it 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.