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Euro Saver Account Details

RATES CORRECT AS AT  19 September 2016

The product below is available in two variations. If you are resident in Gibraltar your application will be for the Gibraltar version of the product. If you are resident in Spain your application will be for the Offshore version of the product.

Euro accounts can be opened by UK passport holders who are resident in Spain, or UK or Gibraltar passport holders who are resident in Gibraltar.

Investment% Gross per annum /AER(variable)
€100,000+ 1.00
€25,000+ 0.75
€2,500+ 0.50

From 7th November 2016, the interest rate applied to investments will reduce to 0.50% Gross per annum/AER (variable)

New rate from 07 November 2016

Investment% Gross per annum /AER(variable)
€2,500 - €1,000,000 (€2,000,000 for joint accounts) 0.50

Withdrawal terms

Unlimited withdrawals can be made without notice or loss of interest subject to the minimum balance of €2,500 being maintained. Cash withdrawals/deposits are not permitted.

Payment of interest

Interest is paid annually on 1 Oct (commencing 1 Oct 2016).

Minimum investment and operating balance is €2,500. Maximum investment and operating balance is €1,000,000 (€2,000,000 for joint accounts), plus accrued interest credited to account. In the event that the balance falls below the minimum operating balance, the basic investment rate of interest which is currently 0.05% Gross‡ per annum/AER(variable) shall apply.