Term deposits

Self Bank: 2.75% TAE for 12 months on EUR 6,000 to EUR 1,000,000 of new money, interest paid quarterly

Depósito a 12 meses

Net value, first year

€222.75

#9 of 15 in this goal

Value per month of commitment

€18.56

Commitment: 12 months

Reward

Rate2.75% TAE

12 mo · first €1,000,000

Terms

Reward
2.7221% TIN (2.75% TAE) for 12 months, interest paid every 3 months into the Cuenta Self. Example: EUR 100,000 pays EUR 2,772.09 gross over the term. Paid: Quarterly, into the Cuenta Self.
Rate
2.75% TAE for 12 months, on the first €1,000,000
Requirements
  • Minimum EUR 6,000, maximum EUR 1,000,000
  • Money must come from another bank, increasing your position at Self Bank; internal moves and sales of existing assets do not count
  • Open a Cuenta Self (free) to contract it
Fees
€0/month. Cuenta Self has no opening, maintenance or cancellation fees
Penalty
Early cancellation returns 100% of the capital but no interest for the quarter in which you cancel. If the money was not new, the last quarter drops to 2.2221% TIN (2.62% TAE overall).
Eligibility
  • Residents only: Unknown
  • NIE or TIE accepted: Unknown
  • Open to non-residents: Unknown
  • Open to customers and non-customers, per the page
Valid until
No end date stated
Checked
(today, confirmed by the bank)
Notes
No end date stated on the page. A special 12-month deposit at 3.00% TAE exists for customers who put at least 30% of the amount in selected funds (https://www.selfbank.es/ahorrar/depositos/deposito-especial-12-meses); it was seen on the home page only and not read in detail.

How the value is built

Score breakdown for the default profile
LineEUR
Interest 2.75% TAE on EUR 10000 for 12 months€275.00
Withholding 19% on interest-€52.25
Net value, first year€222.75

Default profile: gifts at 80% of retail, a balance of €10,000. Change them in the search filters. Methodology

Catches

  • penalty: Early cancellation returns 100% of the capital but no interest for the quarter in which you cancel. If the money was not new, the last quarter drops to 2.2221% TIN (2.62% TAE overall).

Compare with

Not financial advice. Terms change: read the bank's page before you sign.