Fixed-term deposits at HoistSpar – secure, attractive and online

Here's how it works

How does opening a fixed-term deposit account work?

To open a fixed-term deposit account, you will need:  

• A  minimum age  of  18 years n 

• A valid  identification document (identity card or passport) 

• Your  tax identification number (tax ID) 

• A digital device (e.g., mobile phone, tablet, or computer) with a good camera and a stable internet connection. 

• Access to SMS and email  

• Access to your online banking 

You apply to  open  an  account by answering a few simple questions and identifying yourself using a web ID. The entire process is done online and the account is usually activated immediately.

You make your deposits to the HoistSpar IBAN, which will be displayed to you once you are a customer and have logged in. In the payment reference, use  only your assigned  HoistSpar account number, which you will receive when the account is ready for deposits. 

Good to know

How much money can I deposit – and what interest rate will  I receive? 

The maximum possible savings amount is €  85,000  . There is no minimum deposit.  

Interest is calculated from the first euro. You will receive the interest rate that is in effect at the time your first deposit is registered in your HoistSpar account, which usually takes 1-5 business days.  

What happens after  the end  of the  term? 

You can easily make the following selection up to one day before the end of the term: 

• Choose the same or a new term  for your capital 

• Reinvest all capital ; the interest will be transferred to your payout account.  

• Reinvest capital of your choice  – the  remaining  balance  will be transferred to your payout account.  

• Cancel the reinvestment ; the entire capital, including interest, will be paid out  to your withdrawal account  . 

If you do not make a selection, your capital and the interest earned will be invested for the same term as before.