Updated on 15 February 2019
Germany: This product is offered to German residents only. When clicking on the product link you will be redirected to the product page in German.
Spain: This product is offered to Spanish residents only. When clicking on the product link you will be redirected to the product page in Spanish.
Time deposits accounts are interest-bearing deposit acoounts offering higher interest rates than savings accounts. However the money deposited to such account cannot be withdrawn for a specified period of time (term).
The table above shows essential details of selected time deposit products offered to retail customers by the banks in Spain: currency, interest rate per annum and deposit term. The time deposit accounts terms vary from 1 month to 10 years (120 months).The interest rates are within the range 0.05 - 4.00 %. The interest rates provided in the table do not take into account withholding tax levied on interest income in Spain.
Time deposit accounts made with credit institutions in Spain are covered by deposit guarantee scheme up to 100 000 EUR per depositor.
In October 2018, average annual deposit interest rate in local currency (Euro) of new contracts with fixed term up to 1 year between credit institutions and retail customers (households) was 0.04 %.
Spain's Moodys country ceiling (the highest rating that can be assigned) for deposits in local currency is set to Aa1 (high grade).