Interest on these securities starts accruing on the day of their purchase and does not accrue after the redemption date. The amount of interest payable on redemption is calculated on the basis of the Announcements effective on the date of purchase. Upon redemption, the holder of the securities receives a fixed amount of interest based on the time elapsed since the day of purchase. Presently, no interest is paid if the security is redeemed within 3 months, but after 3 months the annual interest rate steps up monthly up to and including the 12th month (but for the Treasury Savings Bill II. only on two occasions in the 13th and 19th months in the second year), reaching its maximum level at the end of the maturity period. The interest rate of the last whole month is applied to the entire tenor up to the redemption date. Upon redemption, the proportional part of the interest for whole months is paid together with the principal. The fixed rate specified for the different holding periods is shown in advance in an announcement effective on the date of purchase.

Treasury Savings Bills are registered securities, which can be bought and transferred by resident natural persons exclusively.

They exist in printed form only, with denominations of HUF 10,000; 50,000; 100,000; 500,000 and HUF 1 million.

Treasury Savings Bills were issued for the first time on April 1, 1995. They are issued through continuous sales. The sales are effected through 2800 post offices of the Hungarian Postal Service. Information leaflets and Announcements providing detailed information on Savings Bills, and the 'Prospectus on the Public Offering of the Government Bond "Treasury Savings Bill II"' are available to investors at the designated post offices and at AKK Ltd.