You can find out about the benefits of Home Savings by phone, online, video and in person, and even open an account from the comfort of your home.

In principle, the account opening fee is 1% of the contract amount. However, there are some ways to avoid this.

For Erste LTP, the following options are available until revoked:

1. Open an Erste bank account at the same time as your Home Savings Bank contract and you won't have to pay the LTP account opening fee.
2. If you have taken out a mortgage loan or a Baby loan before signing your Home Savings Bank contract, or if the bank disburses the loan within 9 months of signing the offer at the latest, you can also open your account free of charge.
3. Start your Housing Savings Account with HUF 50.000,- / month and you will still open your LTP account free of charge.

On 1 March 2023 OTP and on 2 May Erste relaunched the Housing Savings Bank. The 30% interest bonus is valid until withdrawn, so it is recommended to open a Home Savings account as soon as possible.

The 30% interest bonus in the Housing Savings Accounts relaunched in 2023 will not be provided by the state, but by Erste or OTP. The accounts launched will receive the 30% interest bonus on a fixed basis until the end of the term, provided that the customer deposits the chosen monthly premium on time each month.

For Home Savings Accounts starting in 2023, it will be sufficient to own up to % in a dwelling, and a declaration that the amount will be used for housing will be required. The bank does not ask for invoices or go out to inspect the savings, so it is much easier to use.

No, because the interest bonus is not given by the state, but by the bank. That is why a person can open more than one account, there is no restriction.

Yes, as before, for the Home Savings Accounts, which will be relaunched in 2023, accounts are insured up to €100,000. This guarantee applies to each account.

Currently, you can choose between accounts with a term of 4 and 8 years. For 4 years, OTP pays 10TP2T, Este pays 15%, while for 8 years both financial institutions pay 30% interest bonus. Thus, the 8-year term is clearly the preferred one, as we have fixed and locked in the 30% annual interest bonus for 8 years, regardless of changes in market interest rates.

The government bond depends on inflation expectations, which are constantly decreasing, while the Housing Savings Account is fixed until the end of the term.At 4 years, OTP pays 10TP2T, Este pays 15%, while at 8 years both financial institutions pay 30% interest bonus.

It is not necessary, but in the case of Erste it can help you open an account for free.

As there is no longer a tax number requirement to open a Home Savings Account, a person can open more than one account.

If the savings account is terminated before 4 years, the financial institution will not pay an interest bonus. In the case of Erste, the interest bonus is 15% between 4 and 8 years, while 30% will be paid on completion of 8 years.

If you need to save for a term of 8 years before 4 years, you will only get your own savings. Between 4 and 8 years, you will already receive the interest bonus of 10% at OTP and 15% at Erste. If the 8 years are completed, the interest bonus is 30% for both banks.

No, the Home Savings Account is interest tax-free.

No. From 01.06.2023, a social contribution tax has been introduced on many savings in addition to the 15% VAT. The Housing Savings Account, on the other hand, is exempt from social contribution tax and transaction tax, and no tax is payable on the profits.

The contract amount is made up of 4 elements:

1. amounts deposited each month during the term
2. interest accrued on the amounts paid
3. the interest bonus accrued on the annual amount deposited
4. the optional loan

Under the contract, the deposit and lending rates remain unchanged for the entire term. The Housing Savings Bank cannot unilaterally change the rates. The interest rate bonus may be changed if the customer changes the term of the contract in a different way from the original contract. E.g. the contract started for 8 years with an interest bonus of 30%, but in the meantime the term has been changed to 4 years, or the contract is terminated between 4 and 8 years.

Basically, if the maturity does not change, you can know exactly how much the final amount will be in advance. Moreover, if you take out a loan, the repayment rate is also known in advance and remains unchanged throughout. So you can fully calculate every part of your savings account.