Treasury Savings Bond
MATURITY:
1 year
INTEREST:
6,00%
MATURITY:
2 years
INTEREST:
6,50%

The Treasury Savings Bond is a registered, printed formed, fixed-rate, step-up interest-bearing government securities with a maturity of 1 or 2 years. It is issued in denominations of HUF 10,000, 50,000, 100,000, 500,000, and 1,000,000. The claim incorporated by the Treasury Savings Bond will not become lapsed against the Issuer. The client receives the principal and interest incorporated by the Treasury Savings Bond on the day of redemption.

Treasury Savings Bonds issued after 1 June 2019 are interest tax free investments.

The interest income realized after Treasury Savings Bond purchased before 1 June 2019 is qualified as taxable income, the tax rate is 15%.

Customers and transfer of the Treasury Savings Bond

Treasury Savings Bond can be purchased and transferred exclusively by resident individuals.

The Treasury Savings Bond is inheritable, and it can be transferred by assignment.

Mode of sale and redemption

The sale of Treasury Savings Bond takes place continuously at the permanent postal service points of Magyar Posta Zrt. The customer is required to provide a written declaration about the acknowledgment of the terms and conditions of the issuance outlined in the Offering Circular regarding the Treasury Savings Bonds. The maturity period begins on the day of purchase. The Treasury Savings Bond can be redeemed at any time during its maturity period or after its expiration, but tinterest will no longer be accrued after the maturity date.

Lost or destroyed Treasury Savings Bond

If the Treasury Savings Bond is lost or destroyed, the suspension of the payments can be requested through a notarial procedure.

Distribution points

Treasury Savings Bond can be purchased exclusively at the permanent postal service points of Magyar Posta Zrt.

For further terms and conditions of each series, please get informed from the Public Offer or the Information Memorandum for that series, which can be reached at in the tab of Current Public Offer.

Online sales, administration*

* To use the online sales services of the State Treasury, an electronic channel contract is required!