Deposits in Sterling Pounds
Invest in your own currency
These deposits give you the oportunity to invest in your own currency without having to convert your Sterling Pounds into Euros. You can choose between:
Fixed-rate deposits offer you a wide range of maturities with excellent returns. The team of your branch will be pleased to help you find the right one for you.
These deposits offer an attractive return linked to the performance of an underlying asset (one or more stocks, a stock-index etc.), allowing you to take advantage of the attractive returns of the stock market, but without taking any risk, because you will recover 100% of your initial capital at maturity.
- Link : these deposits are always linked to the evolution of a stock share, an index (for example the Ibex35, the Eurostoxx, etc.), an interest rate (for example the EURIBOR, LIBOR, etc.) or an exchange rate (such as the euro-dollar).
- Profitability : it is variable, defined by the evolution of the market. You are guaranteed that, no matter what, at the expiration you will recover 100% of the invested capital.
- Maturity terms : these deposits can be contracted at different terms according to the preferences of each investor. They will vary in every offer.
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.