ACCOUNTS SAVINGS CARDS LOANS MORTGAGES CAR FINANCING INVESTMENTS

Construction Savingsn

We provide Construction Savings in association with the Wüstenrot stavební spořitelna (www.wustenrot.cz).

Benefits of Construction Savings

Construction Savings is a form of long-term, purpose-designated savings, with a significant contribution from the government.
Get a loan for your housing purposes and needs, and after 6 years of saving, you will be able to utilize funds that you obtain, as you wish.

  • The interest income from Construction Savings is guaranteed
  • All your deposits are insured by law
  • Government support up to CZK 3,000 per year
  • The possibility of obtaining a bonus for next contract up to 1000 CZK
  • The lowest fees for account maintenance only 250 CZK per year
  • Construction Savings Kamarád for children up to 18 years for free
  • A right to a Construction Savings Loan with an interest rate of 3.7% p.a. throughout the term of its repayment (if the set conditions are met)
  • The possibility of obtaining a competitive bridging loan
  • The possibility of deducting the interest paid on the loan from the income tax of a natural person
  • Cashless payments to your Construction Savings Account, and loan repayment free of charge, if you are a client of GE Money Bank
  • Construction Savings and a Construction Savings Loan are suitable for combining with a Mortgage

Ways to Save

Based on the course and duration of saving, you yourself determine how you obtain funds for getting an apartment or a house, or for improving your living conditions.

Savings rate Loan rate
Target min. 20 000 CZK
Minimum monthly deposit 0.5 % of Target 0.7 % of Target
Minimum monthly payment on a Construction Savings Loan 0.6 % of Target
Interest rate on deposits 2.2 % p.a. 1 % p.a.
Interest rate on a Construction Savings Loan 4.9 % p.a 3.7 % p.a.
Ratio of deposits / loan 50 / 50
Start Saving Simply

To conclude a Construction Savings Agreement, you simply need to visit a GE Money Bank branch near you and comply with the following conditions:

  • A natural person who is not acting as an entrepreneur (NPNE) with permanent residence in the Czech Republic, or an EU citizen with permission to stay in the Czech Republic and a personal identification number or other number assigned by the relevant Czech authority

Documents Required

  • NPNE aged over 18 – personal identification card or a document granting permission to stay
  • NPNE aged under 18 – the statutory representative must present his/her personal identification card and the child’s birth certificate