Festverzinsliche Einlagen

The Online Fixed-Term Deposit is a savings product whereby the customer deposits an amount of money with a banking institution for a specific period of time and at the end of this period, they receive the amount they deposit plus the agreed amount of interest.

Yes, Banco Sabadell is a member of the Deposit Guarantee Fund for Credit Institutions (DGF), with a limit of €100,000 per depositor and institution.

Any natural person resident or non-resident in Spain of legal age.

In the online registration process, you will be provided with the information on the terms and conditions relating to the contract, as well as the Fixed-Term Deposit contract itself.

You should only sign the contract when you have received adequate and necessary explanations to be sure that you are familiar with this product and have been able to resolve any doubts about it.

In order to contract an Online Deposit, it is necessary to have a Deposit Account contract. If at the time of opening the Online Deposit, you do not have the Deposit Account contract, you will also be provided with the pre-contractual information and the contract, which you must accept in order to open the account.

The Online Deposit is set up through the fixed-term deposit framework account called the Deposit Account. The purpose of this Deposit Account is exclusively to group together the various fixed-term deposits, and it is not a payment account. The total balance of the Deposit Account is for information purposes only and shall consist of the sum of the current deposits.

Yes, it is automatically renewed for the same amount and term and at the interest rate in effect at the time of renewal. However, you may request not to renew it automatically at any time before maturity, in which case the amount of the Deposit will be credited to the sight account called the 'capital account' indicated in the Deposit Account agreement together with the accrued interest.

You can request not to renew it automatically at any of Banco Sabadell's branches, as well as through the Bank's Remote Banking service and free phone number 900 700 010.

Interest is settled at the maturity of the Deposit and will be credited to your sight account called 'interest payment account' indicated in the Deposit Account contract.

The Deposit has a fixed maturity date, so in principle the money is not available until maturity, but the contract provides for the possibility of early cancellation in whole or in part.

To do so, you must give us at least 35 days' notice. This means that during the period between the request for early withdrawal and the crediting of the amount to the current account, the holders will not be able to withdraw the amount of the Deposit. Please note that in the event of early cancellation, a penalty of 1% nominal annual fee will be applied to the amount cancelled for the period between the date of early cancellation and the agreed maturity date. This penalty shall be, at most, the amount of the gross interest accrued from the beginning of the deposit until the early cancellation date.

Notice of the minimum notice period of 35 days can be given at any of Banco Sabadell's branches, as well as through the Bank's Remote Banking service and the free telephone number 900 700 010.

Go to your online banking, go to the Savings/Investment > Deposits > Time Deposits section, where you can view the available offer. Click on the product to be contracted and complete the information requested by the process.

Signing the contract is the last step in the process of opening the account. After confirming that you have read and accepted the contract, you will receive a notification with the password that you must enter where indicated.

Remember that a copy of the signed contract will be available in the 'Digital Documentation' section of your remote banking.

Yes, you can withdraw and cancel the Deposit contract free of charge within 14 calendar days of its entry into effect without giving any reason and without penalty. You have to give notice by the deadline indicated via the Bank's Remote Banking service, at our registered offices or corporate centres or branches or by calling the free phone number 900 700 010. In this case, the contract will be cancelled by crediting the amount deposited to the sight account referred to as the 'capital account' specified in the Deposit Account contract.

The Bank also makes the following documentation available to you at its branches and in the 'Customer Information/Information on fees and interest' section of the Bank's website:
 

• Quarterly information on the fees and rates most commonly charged or offered for the most frequent transactions with the most common natural person customer profiles.

If you need it, there is a free telephone number 900 700 010 that you can call to resolve any questions or queries you may have.

It is not possible to change the ownership of the contracted Deposit.

The interest generated by this Deposit is included in the taxable base of all the holders of the Deposit Account, regardless of whether the Deposit has been formalised by all or any one of them with indistinct powers.

On the interest paid, the Bank shall withhold the amount required by the tax regulations in effect, without prejudice to compliance by the Holders with their tax obligations in their tax returns.