Building savings and mortgage — how to combine them
Stavební spoření (building savings) is a Czech-specific savings product with state subsidy. In 2026 it's far less generous than 10 years ago, but in the right combination still useful.
How stavební spoření works in 2026
You save monthly into a special account at a building savings bank (Modrá pyramida, ČMSS, Raiffeisen stavební spořitelna, others). State adds 10 % subsidy up to 1,000 CZK/year. Interest 1–3 % on top.
After 6 years (binding period), money is yours unconditionally. Earlier withdrawal loses the subsidy.
Combining with a mortgage — three scenarios
- Down payment savings — save 10,000 CZK/year, get 1,000 from state, after 6 years have ~70,000 CZK + interest. Useful for young people preparing for purchase.
- Bridge loan from stavební spořitelna — they offer mortgages too, sometimes at lower rates than commercial banks for small amounts.
- Combined mortgage + spoření — bank requires you to also save in their stavební spoření product. Rare and usually a worse deal than separate products.
Is it worth it for a 30-year-old buying soon?
Probably not for short term. The 6-year lock-up is the main constraint. If you plan to buy within 2–3 years, you'd lose the subsidy on early withdrawal.
For longer horizon (5–7 years before purchase), the 10 % state bonus on annual contribution beats most savings products.
FAQ
Can I withdraw money from stavební spoření before 6 years?
Yes, but you lose the state subsidy and may pay early-withdrawal penalty. Only worth it for emergencies.
Is the 1,000 CZK/year subsidy taxable?
No. The state subsidy and interest are not taxable income.
How does it compare to ETF investing?
ETFs can earn 7 %+ long term, vs. ~3 % on stavební spoření. But ETFs have market risk; stavební spoření is guaranteed. For a known purchase 5–7 years out, spoření is safer.