The free TBSZ
The Lightyear experience you know and love. No opening, holding or withdrawal fees.
Reduce income tax
Take your investment return tax to 0% by holding investments for 5 years, or to 10% by holding them for 3.
Invest in ETFs for free
No execution or holding fees. And, no conversion fees when investing in ETFs in your home currency. Max 1 € / $ / £ transaction fee for single shares.
Earn interest
Earn up to 4.58% with USD Savings - an investment product with fast access to your money, whenever you need it.
What gives us the edge?
TBSZ the way it should be
You don’t have to choose between convenient, low cost investing and tax benefits anymore. You can now have it all in one place.
Pay less
No opening, holding or withdrawal fees
Over 3,900 stocks, funds and bonds from the US, UK and European markets. As well as diverse ETFs from some of the world’s largest fund managers.
Lightyear TBSZ is free - no opening, holding or withdrawal fees.
Take your tax to 0
Built for your future
No more high fees
Investing doesn’t need to cost an arm and a leg – we’re proof of that.
 |  |  | ||
|---|---|---|---|---|
TBSZ opening fee | Free | Free | Free | Free |
TBSZ holding fee | Free | Ft 2,000/month | From 0.09% min. Ft 976 or yearly 0,12% | Ft 350/month |
Withdrawals - to a bank account not associated with the the broker | Free | Ft 6,000 / €1 1 free withdrawal per month | 0.2% min Ft 990, Ft 16.022 | 0.2% min. Ft 842, max Ft 13.624 |
ETFs - execution fee | Free from Lightyear trading fees | From 0.05% €1.25 min | 0.5% | 0.45% €7 min |
US shares - per order | $1 max 0.1%, min $0.10 | $0.0035/share $0.35 min | From 0.5% $7,99 min | 0.45% $7 min |
EU shares - per order | 1€ | 0.05% €1.25 min | 0.5% $7,99 min | 0.45% €7 min |
Currency conversion (FX) | 0.35% | 0.2% €2 min | Variable Based on total amount & currency | ~0.7% |
Comparison as of 08/11/2024. Information shown is based on competitors' websites information. For the most up to date data, please visit the respective websites.
Interactive Brokers: Plans differ depending on where you're located. Above, the Tiered Pro plan is represented. Other plans offered are Tiered and Fixed with a minimum per order being €4.00, or starting at 0.05%, which might vary depending on the country.
OTP Bank: Pricing might vary depending on the account plan you're on.
Erste: Pricing might vary depending on the account plan you’re on.
As seen in
Safe & trusted
Keeping your money safe
Trusting us with your investments is something we do not take for granted.
Safeguarding your assetsGovernment insurance
We safeguard your cash with authorised banks & financial institutions
Customer funds are held in a mix of AAA rated BlackRock money market funds and cash in authorised commercial banks. Your money is always kept separate from ours.
Your assets are yours, no one else’s
You are the owner of all your investments, and your assets are held in separate accounts. Your assets can’t be touched by our creditors and in the unlikely event of Lightyear’s insolvency, everything is returned to you.
Frequently asked
Anything and everything about TBSZ
What is a "Tartós Befektetési Számla" or 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 on investment returns, which is either 10% or 0% (down from the standard 15%) after 3 or 5 years, respectively.
To open a TBSZ account, you must be:
- Over 18 years old
- A Hungarian tax resident
- A Hungarian resident
Can I earn interest on uninvested money in the TBSZ account?
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.
How can I open a TBSZ account with Lightyear?
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”
How do I put money into a TBSZ 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).
- Deposit money into your general Lightyear account
- 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
Can I transfer my TBSZ with another provider to Lightyear?
At the moment you can’t transfer your current TBSZ account from another provider to us but we’re working on making it possible and will notify you when that option is available. The same is true with instrument transfers from your general Lightyear account to your Lightyear TBSZ account
What's the process for paying taxes on a TBSZ account?
While the TBSZ account takes your investment return tax to 0% after five years, you are still responsible for determining and paying the tax yourself — especially if you close your TBSZ account before that. Tax certificates will be provided.
Disclaimer
When investing, your capital is at risk. Lightyear does not provide tax advice. Terms apply, seek guidance if necessary.