Growing Deposits
Your savings will never cease to grow
Growing deposits provide you with the peace of mind of a fixed rate and a return that increases during its life .
With growing deposits you will obtain:
- Initial capital guaranteed
- Increasing returns
- Interest payment flexibility
- Possibility of recovering your capital in advance
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Current offer
Growth Deposit “Your savings will never cease to grow”
With the Growth Deposits you have the peace of mind of knowing that at maturity you will recover all the capital invested plus fixed return you can count on in advance and which rises year after year. In addition, you have the advantage of recovering the investment as from the seventh month.
24 Month Growth Deposit
36 Month Growth Deposit Leader
Apply now...-
By Internet
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By visiting our branches
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- Features
- Interest rate : you will know from the beginning how much your return will be. Interest rates are fixed in advance and they increase each year.
- Settlement of interest: you can choose to be paid interest monthly, quarterly, half-yearly, annually or at maturity.
- Early cancellation : if you need your savings before the maturity date you can redeem them in advance under the conditions agreed in the contract. The initial capital investment is always guaranteed.
- Taxation
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 21% 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 21% on the first €6.000, 25% on the following €18.000 and 27% thereafter.
At payment time interest is subject to a 21% withholding tax.