Combined deposit

You can apply at one of our branches or on bbva.es until 04/30/2020. Approval is subject to prior approval by Banco Bilbao Vizcaya Argentaria S.A.

Yes, to sign up for the Combined Fixed-Term Savings Account, you need to have a BBVA account. Both the fixed-terms savings and the investment fund with which it is combined allow only a single account holder and both will be linked to the same BBVA account.

They will be paid into your account after the corresponding statutory tax withholdings have been made. This is done because the interest on the deposit is considered a capital gain.

In the case of the investment fund, individuals with tax residence in Spain, under current legislation, will be able to perform transfers to other funds with no impact on their personal income tax, deferring taxation until it is redeemed in full, so long as the requirements of tax legislation have been met.

The deposit is not automatically renewable upon maturity. The fund, however, does not have a maturity date and you can choose to keep it or to redeem it at market value, which could lead to a loss on the initial investment.

Yes, you can cancel all or part of it before the maturity date without losing the invested capital. We will apply 0.01% NIR to the amount you withdraw, during the days for which the deposit was contractually opened, instead of 0.02% NIR. Doing so does not mean cancelling the investment fund and vice versa.

We will also apply a penalty of 0.01% NIR to the amount you cancel from the withdrawal date until the maturity date. This amount may not exceed the interest generated.

Investment funds offer variable returns that will depend on the performance of the assets in which the fund has invested the capital. If you would like to cancel the linked investment fund, you must submit a cancellation request. The investments will be redeemed at market value, which could mean a loss on the initial investment.

You have the right to cancel the deposit within 14 calendar days from the date of the contract. The bank will cancel the contract and return the deposited amount to your BBVA account.

• The funds are an alternative diversified investment, as they invest in several assets, which reduces the risk compared to investing in a single asset.
• There is a wide variety of investment funds with very varied risk profiles.
• Funds offer the opportunity to invest in different types of assets, geographical areas, currencies, etc. You can choose the funds that best fit your goals and needs.
• Investment funds offer the advantages of professional management for amounts within reach of the retail investor.
• One of the characteristics of the investment funds is their liquidity, since you can usually buy and sell shares at any time without a subscription or reimbursement fee. However, with some products this possibility may be limited by the application of subscription or reimbursement fees at certain times or for certain amounts. You should therefore read the documentation and characteristics of each fund.
• Under current legislation, individuals with tax residence in Spain make transfer investments to other funds with no repercussions on their person income tax, and deferring taxation until it is redeemed in full, so long as the requirements of tax regulations are met.
• As with any other investment product, investing in funds entails assuming a certain level of risk. All funds involve a level of risk (depending on their specific characteristics and the assets invested in), which means that losses may be incurred on the capital invested. You can check the specific risks of each fund in the brochure available at BBVA.

You can check the product's pre-contractual information for more details. Remember that this document is for information purposes only. During the application process you will receive all the documents so you can check them.

• Combined fixed-term savings account 30% + Investment fund 70%: open document.
• Combined fixed term savings account 50% + Investment Fund 50%: open document.
• Combined fixed term savings account 70% + Investment Fund 30%: open document.