Savings Program PLUS (Investment Savings^TB) and Savings Program

Is it still possible to open the original Savings Program to Mutual Fund^TB?

Not. Instead of the Savings Program, you can set up the PLUS Savings Program newly renamed to Investment Savings^TB from October 7, 2010, which are not subject to any entry fees. And no exit fees, if at least 3 years have passed since the first payment.

To which Mutual Funds^TB can it be possible to set up Investment Savings^TB?

Investment Savings^TB can be set up in all Mutual Funds^TB that are currently on offer of funds (according to the client's segment).

What are the entry fees for investing in Mutual Funds^TB through Investment Savings^TB and the previously opened Savings Program?

There are no entry fees for regular investments within Investment Savings^TB. Payments under the previously opened Savings Scheme are still subject to entry fees.

What are the exit fees for the Investment Savings^TB and Savings Program?

In the event that at least 3 years have elapsed since the first payment within the Investment Savings^TB, no exit fees apply to the redemption of the shares thus acquired. Otherwise, the amount of exit fees represents 3%, 2% and 1% (% less after each year) of the redeemed amount. No exit fees apply to the redemption of Shares acquired through the original Savings Scheme.

How often are confirmations sent in the case of Investment Savings^TB and the Savings Program?

The investor is sent a confirmation (confirmation) after the first purchase of shares within the Investment Savings^TB and the Savings Program. Twice a year on 30.6. and 31.12. a statement of payments made is sent to the investor.

In the previous month, I paid a payment under Investment Savings^TB in the amount of EUR 15. Can I make a payment of EUR 30 next month?

Within the Investment Savings^TB, you can freely change the amount of your regular payment in the range of EUR 1 to 3,000. Just change the standing order of your Investment Savings^TB. It is possible to request a change in the amount of the regular payment beyond the stated interval at any Tatra banka branch.

In the previous month, I did not make a regular payment in savings through Investment Savings^TB, can I continue to save?

Yes, the omission of the regular payment does not mean the termination of Investment Savings^TB. You can resume payments whenever your financial situation allows.

How do I change the Savings Program to Investment Savings^TB?

To change the Savings Program to Investment Savings^TB, simply open a new Investment Savings^TB in the same fund where you have established the original Savings Program. Additional incoming payments will be credited to your new investment program.

How can I change the amount of the monthly savings payment on the original Savings Program?

To change the amount of the monthly payment under the Savings Program, it is necessary that you visit any branch of Tatra banka and submit a request for its change.

Is it possible to set up TB Investment Savings^TB in all Mutual Funds^TB?

You can set up Investment Savings^TB in all Mutual Funds^TB (according to the client's segment) that we currently have in our fund offer.

What is the difference between a one-time investment (Investing^TB) and a regular Investment Savings^TB?

One-time investment (Investing^TB) means investing usually higher amounts, at least 150 Euros. From this date, the change in the value of your investment will match the performance of the fund in which you have invested.

Regular investing (Investment Savings^TB) means investing smaller amounts (minimum 1 EURO) at regular intervals, most often monthly. The total value of the money saved is not exactly the same as the fund's performance for the period you are saving. Each installment of Investment Savings^TB is invested at a different share price and therefore each has a different performance. You take advantage of the cost averaging effect. When calculating the total performance of a regular savings on a given day, you must take into account the performance of each Investment Savings^TB payment.

What is cost averaging?

Cost averaging is the averaging of the purchase price of shares in regular Investment Savings^TB. You regularly buy shares at their higher and lower exchange rates. If the price of a fund's share falls, you will buy more shares for the amount invested. Once the share price reaches its original level, your position is better. The advantage, compared to a one-time investment, is that it does not happen to you that you only invest at a high share price, when the possibility of a decrease in the value of the investment is higher.

Can I set up an Investment Savings^TB on a Junior account?

Yes, but only the legal representative can set up Investment Savings^TB for a minor. But who will not see his child's account during the investment.