High return at short term
Our online deposits offer you a high return and highly flexible terms:
Online deposits offer you a high return Initial interest rate Renewal* 10 days 0,03 % APR 0,03 % APR 30 days 0,03 % APR 0,03 % APR 60 days 0,03 % APR 0,03 % APR 90 days 0,03 % APR 0,03 % APR 6 months 0,04 % APR 0,04 % APR 1 year 0,05 % APR 0,05 % APR
* The renewal interest rate will be the interest rate in force at the time, which is currently as indicated.
Signing up: exclusively over the Internet
Payment of Interest: at maturity
Early Cancellation: deposits can be cancelled in advance. In the event of early cancellation, the bank shall apply a penalty on the amount cancelled, depending on the time elapsed between the cancellation date and the maturity date of the deposit, This penalty will never exceed the interest generated until that date, so you are always guaranteed the initial capital invested.
The tax treatment of interest generated by your accounts and deposits depends on your tax status in Spain:
Non-Resident in Spain
If you are not resident and provided this can be demonstrated, there is no withholding tax on interest and this is not taxable as income in Spain.
If non-residence in Spain cannot be demonstrated, the 19,5% withholding tax applies.
Resident in Spain
Interest payments are treated as investment income and added to your taxable savings base (base imponible del ahorro). The applicable tax rates for the savings base is 19,5% on the first €6.000, 21,5% on the following €50.000 and 23,5% thereafter.
At payment time interest is subject to a 19,5% withholding tax.