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.