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)
- Source
- https://www.selfbank.es/ahorrar/depositos/deposito-12-meses-nuevos-clientes(opens in a new tab)
- 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
| Line | EUR |
|---|---|
| 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
- Banco Mediolanum3.00% TAE for 12 months, only if you also put 3x the amount into a Mediolanum managed product€243 net in the first year
- MyInvestor3.00% TAE for 12 months from EUR 10,000 to EUR 100,000, no conditions (3.10% with a robo-portfolio)€243 net in the first year
- WiZink3.00% TAE for 12 months on EUR 5,000-100,000 of new money, interest paid quarterly€243 net in the first year
Not financial advice. Terms change: read the bank's page before you sign.