Compare Fixed-Rate Deposits in Slovakia

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18 live offers compared from 8 providers, from €0. Updated daily.

What is a Fixed Deposit in Slovakia?

A fixed deposit or term deposit (termínovaný vklad) in Slovakia locks a sum of money with a bank for a set period — from a few months to several years — in exchange for a guaranteed interest rate. In return for giving up access during the term, you usually earn more than on an instant-access savings account. It suits money you are certain you will not need before maturity.

How the Slovak market works

Banks offer a ladder of terms with rates that generally rise for longer commitments, and rates reflect the wider euro interest environment. Some deposits renew automatically at maturity unless you instruct otherwise, so the rollover rate matters. Early withdrawal is typically penalised through lost interest. Digital banks have periodically offered sharper term rates to attract savers.

Benefits

Guaranteed rate — The interest rate is fixed for the whole term, insulating you from rate falls.

Higher return — Locking money away usually pays more than an instant-access account.

Predictable outcome — You know exactly what the deposit will be worth at maturity.

Deposit protection — Balances are covered up to €100,000 per bank under the guarantee scheme.

How to choose

Match the term to when you will genuinely need the money, because early withdrawal usually forfeits interest. Compare the rate across terms and banks, check whether interest is paid at maturity or periodically, and confirm the automatic-rollover terms so you are not locked in again at a poor rate. Splitting money across several maturities (laddering) balances access with return.

Leading providers in Slovakia

Slovenská sporiteľňa, VÚB Banka, Tatra Banka and ČSOB Slovakia all offer term deposits, with UniCredit Bank Slovakia and Prima Banka also active. Digital-first 365.bank and mBank Slovakia sometimes lead on term rates to draw deposits. Because rates shift with the market, comparing current term offers at the time you commit is key.

What it costs

Fixed deposits generally carry no fee, so the return is the interest earned, though breaking the term early forfeits some or all of it. Interest income may be subject to withholding tax. The effective return is the net-of-tax interest, and the real cost of a fixed deposit is the loss of flexibility during the term.

Protections and regulation

Term deposits are held at banks licensed and supervised by the National Bank of Slovakia (NBS). Eligible deposits are protected up to €100,000 per depositor per bank under the Slovak Deposit Protection Fund (Fond ochrany vkladov), in line with EU rules. Interest is typically taxed at source. Disputes can be escalated to NBS as the financial-market supervisor.

Common questions

Can I access money early? — Usually only with a penalty of lost interest; term deposits are meant to be held to maturity.

Does it renew automatically? — Many do; check the rollover rate and give notice if you want to withdraw.

Is the money protected? — Yes, up to €100,000 per person per bank under the guarantee scheme.

Fixed-Rate Deposits in Slovakia — FAQ