FEATURES AND HELP
'Bankinter offers a wide range of deposits to enable you to save comfortably, in a way that meets your needs and guarantees a return.'
María José Lovera
Director of Deposits
Before opening a deposit
Ownership
The deposit has the same ownership as the associated current account.
Term
When choosing the term of the deposit, you must consider when you are going to need your money, and whether it offers the possibility of early repayment, whether in full or in part.
Interest settlement
This is the frequency with which interest on the deposit will be paid. This can be monthly, quarterly, annual or on maturity; in the latter case, interest is paid when the deposit period ends.
Renewal
Some deposits allow automatic renewal on maturity. If you select this option, the deposit is automatically renewed upon maturity at the interest rate current on the business day before the maturity date, for the same term. If you do not want it to be renewed, you must notify us of this at least three business days before the maturity date.
Similarly, if you have set up a deposit without automatic renewal and you want it to be renewed automatically, check that your deposit allows this option and notify us of this at least three business days before maturity.
The automatic renewal option can be modified at bankinter.com.
Contract date
The effective contract date varies depending on the currency of the deposit and the linked account as well as the time of the request.
This would be the start date for opening a euro deposit:
Application day
Opening the deposit before 9:00 pm with linked account in euros.
Opening the deposit before 2:00 pm with linked non-resident account.
Application day + 1 business day
Opening the deposit before 9:00 pm with linked account other than euros.
Opening the deposit after 9:00 pm with linked account in euros.
Opening the deposit after 2:00 pm, linked to a non-resident account.
This would be the start date for opening a non-euro deposit:
Application day
Opening the deposit before 9:00 pm with linked account in euros.
Opening the deposit before 2:00 pm, linked to a non-resident account.
Fees and rates
Fees
There are no arrangement fees for any deposits.
Interest rates
Interest rates vary depending on the amount and the terms chosen. You can check the interest rates offered for each term using our deposit simulator.
If you contract a deposit with automatic renewal, the interest rate that will be applied to the new deposit will be the rate for the same term one business day before the effective date of the renewal.
Taxes
Positive returns are subject to a single withholding rate of 19% for individuals.
For natural persons they are considered to be income from movable capital. They are included in the savings base, which is subject to a proportional rate ranging from 19% to 30%.
In Navarre the saving base is taxed on a scale of 19% to 28%. In Vizcaya, Guipúzcoa and Álava, the positive balance of the savings base is taxed on a scale of 20% to 25% (the latter rate is applicable from 30,000 euros).
FAQs
Is there any risk of taking it out in EUROS? What about foreign currency?
If they are taken out against accounts in the same currency, they are risk-free fixed-term deposits. If they are taken out in a currency other than that of the associated current account, then changes in prices of the currencies in which they are registered can give rise to gains or losses.
What about if I want to invest more money in my deposit?
You can increase or decrease the amount of your deposit. If you have modified the amount or any of the features, your changes will always come into effect from the next one.
Can I lose money on early repayment?
The Bank may penalise the Customer by reducing the return on the deposit according to the individual terms and conditions agreed, which will appear in the contract (though the amount invested will always remain intact). If the amount of interest that the Customer had received up to the time the deposit is repaid were higher than the amount of interest that should be received when the deposit is repaid early, the Customer will return the excess received to Bankinter, which will be authorised to charge the excess against the amount of the deposit that is repaid.
What difference is there between a fund and a deposit?
An investment fund is a collective investment institution, which is made up of contributions made by various investors called unit-holders, and which is administered and managed by a fund manager. There is also depositary entity, which safeguards the securities and exercises surveillance and guarantee functions for investors. The National Securities Market Commission (CNMV) oversees both the manager and the depositary's activities. In other words, many different investors create a company to invest and be able to diversify the risk. A deposit, however, is a savings product where the bank undertakes to pay the customer return at a rate of interest as long as the customer keeps it.
Before you open a deposit, you will always know its return. Plus, your investment is guaranteed by the Deposit Guarantee Fund with a limit of 100,000 euros per institution; you don't know the return in a fund, but it may offer a higher return in exchange for incurring greater risk.
Do I have to invest a lot of money in a deposit?
You can open a deposit for 6,000 euros.