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Are Bank Deposits in the Czech Republic Attractive in 2026?

In short, from the perspective of growing your capital, they are not particularly attractive because interest rates on deposits in the Czech Republic are currently NOT high. On average, Czech banks offer interest rates of 2.5–3% per year on savings accounts, but these are accounts denominated in Czech koruna (all savings products are primarily aimed at local customers and, accordingly, the local currency).

At the same time, the upper end of this interest rate range is usually available only if various additional conditions imposed by the bank are met, typically related to active use of the account. The inflation rate in the Czech Republic was 2.4% in 2024 (preliminary estimates for 2026 expect inflation of 2.3%). There are some rare, more attractive offers of up to 4%, but again, these are available only from a few banks and subject to certain conditions.

Difficulties Opening a Bank Account for a Non-Resident

Overall, the actual return on such an account is NOT high. However, from the perspective of keeping your money safe, we would say that the Czech Republic is one of the best options in the world. Czech banks are very reliable, and considering all factors together, it is quite difficult to imagine a situation in which any of them would go bankrupt.

If your goal is to keep your money safe, this is an excellent option. If you are more interested in growing your capital, however, banks in the Czech Republic are probably not the best choice.

It should also be noted that opening a savings account for a non-resident involves all the same difficulties as opening a regular bank account for a non-resident individual, which means that it is quite difficult to do. Overall, we would therefore conclude that Czech banking products of this kind are neither the most profitable option nor the easiest in terms of opening a savings account.

Below, in a separate section, you will find detailed information about interest rates on Czech bank deposits in 2026.

Interest Rates on Bank Deposits in the Czech Republic

First of all, we should clarify that we are talking about deposits in Czech koruna. Banks in the Czech Republic primarily offer their savings products in Czech koruna. Products denominated in other currencies are very rare and generally not particularly attractive.

As a reminder, the inflation rate in the Czech Republic was 2.5% in 2025 (as of summer 2026, preliminary estimates for the following year expect inflation of 2.2%).

Below is a short list of major banks and the interest rates offered on savings products in the Czech Republic in 2026:

  • Česká spořitelna: 3.5–4%
  • ČSOB: 3.5–4%
  • Raiffeisenbank: up to 4.2%
  • Komerční banka (KB): 3–3.5%
  • MONETA: 2.6–3.8%
  • UniCredit: up to 3.7%

We should clarify that in almost all cases, the interest rates listed above are subject to certain mandatory conditions imposed by the banks. These often include a limit on the maximum deposit amount, a requirement to add a certain minimum amount to the account each month, or mandatory use of other banking products. Overall, however, the general situation is that savings products in the Czech Republic offer interest rates of around 3 - 4%.

Many banks also offer fixed-term savings products, usually for fairly long periods of 3–5 years. Interest rates on such deposits are only slightly higher, averaging around 4% across available offers. These fixed-term products are fairly complicated, and it is also difficult to predict how inflation in the country will develop over the next few years.

Deposits in Euros (EUR) and US Dollars (USD) in the Czech Republic in 2026

Savings products in the Czech Republic are primarily denominated in Czech koruna and aimed at the local population. Banks in the Czech Republic do not very often offer deposits in other currencies, such as euros or US dollars, and when they do, these products often seem to be offered simply "for the sake of having them," without much focus on developing them.

Interest rates on foreign-currency deposits in euros (EUR) and US dollars (USD) in the Czech Republic are very low. Banks typically offer rates of 0.1–0.2%, which is negligible in practice. There are rare offers on the market with rates of up to 1.5%, but these are isolated cases, and the bank's offer should probably be examined more carefully in such situations, as there are likely to be additional conditions involved.

Overall, foreign-currency deposits in the Czech Republic are not particularly attractive either. The fact that the country still has its own currency — the Czech koruna — has an obvious impact. Other currencies are not widely used, and accordingly, the country's banks focus their products primarily on the local currency.

RusCzech Website Author
Arkadiy Agapov
(the author of this page, prepared the answer to this question)
RusCzech Specialist in Working with Czech Banks
  • Since 2014, has assisted RusCzech clients with opening bank accounts in the Czech Republic and has communicated directly with banks on such matters.
  • Has monitored changes in the practices of Czech banks regarding non-residents from 2014 to the present.
  • Has practical knowledge of the differences in the requirements of individual Czech banks for non-residents and foreign clients.
  • Has assisted clients from different countries and encountered differences in bank requirements depending on citizenship, residency status, and individual circumstances.
  • Regularly requests up-to-date information from Czech banks regarding the possibility of opening accounts for non-residents and monitors changes in their requirements.
  • When preparing this material, relies on practical experience assisting clients and direct communication with Czech banks.
  • Regularly updates this page to reflect changes in bank requirements and current practices for opening accounts for non-residents.
  • Takes into account that each bank makes account-opening decisions on an individual basis; therefore, the recommendations on this page are based on current banking practices and do not guarantee that an account will be opened for a particular client.

Other materials by the author on business, documents, and official procedures in the Czech Republic:

Other materials by the author on business registration, official documents, and administrative procedures in the Czech Republic: