The free TBSZ

A Tartós Befektetési Számla (TBSZ) is a tax-advantaged Long-term Investment Account for Hungarian tax residents. The main benefit is a reduced tax rate of 0% on investment returns after 5 years.

To open a TBSZ account, you must be:

• Over 18 years old
• A Hungarian tax resident
• A Hungarian resident

The Hungarian law currently only allows banks to pass on interest on the money users hold in their TBSZ account. As a regulated investment service provider, today, we can only pay interest on your money in your general Lightyear account.

Within the TBSZ account, you can make the most out of today’s high interest rates with BlackRock’s money market funds.

To open a TBSZ account, you must be:

• Over 18 years old
• A Hungarian tax resident
• A Hungarian resident

To open the account, you need to:

• Open or log in to your personal account
• Navigate to your profile on the top left corner of the app
• Click on “Add another account”

You can get started with just 25,000 HUF, and there’s no maximum limit. We support the same currencies that your general account supports. Note that you can only deposit during your collection year (the calendar year you opened the account).

1. Deposit money into your general Lightyear account
2. When your money has arrived, move it into your TBSZ account: Select the 'Deposit/Befizetés' button in your TBSZ Cash Balance and choose your Lightyear balance as a deposit method