Haitong Bank, S.A., Sucursal en España

PortugalPortugal(A-)

• Start saving from €10,000 up to €100,000

• Deposit Guarantee protection Up to €100,000 payout in EUR

logo of Haitong Bank, S.A., Sucursal en España

Top offer

3.14% AER

Term:
2 Years

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Term
Currency
Product Type

Rate

2.56% AER

Term

3 Months

Currency

EUR

Product Type

Term deposit

Product Type

Term deposit

Rate

2.55% AER

Term

6 Months

Currency

EUR

Product Type

Term deposit

Product Type

Term deposit

Rate

2.54% AER

Term

9 Months

Currency

EUR

Product Type

Term deposit

Product Type

Term deposit

Rate

2.80% AER

Term

1 Year

Currency

EUR

Product Type

Term deposit

Product Type

Term deposit

Rate

2.82% AER

Term

1.5 Years

Currency

EUR

Product Type

Term deposit

Product Type

Term deposit

Rate

3.14% AER

Term

2 Years

Currency

EUR

Product Type

Term deposit

Product Type

Term deposit

Rate

3.10% AER

Term

3 Years

Currency

EUR

Product Type

Term deposit

Product Type

Term deposit

Top offer

3.14% AER

Term:
2 Years

About the Bank

Haitong Bank S.A. Sucursal en España was established in Madrid, Spain in 2001. It is the Spanish branch of the Portuguese Haitong Bank S.A., which was established in Lisbon, Portugal in 1983. Haitong Bank S.A.'s business in Spain focuses on investment banking products and services for corporate and institutional clients. These include financial solutions, equities and asset management. As a wholly-owned subsidiary of Haitong Securities, one of the leading investment banks with securities operations in China, Haitong Bank S.A. focuses its extensive range of services on both the domestic and international markets. The bank specialises in particular in the financial markets in Europe, America and Asia. Please note that Haitong has a banking license in Portugal and offers term deposits via Raisin through its Spanish branch (Sucursal en España) in Madrid. This means that your savings with the bank are covered by the Portuguese deposit guarantee (up to €100,000 per depositor per bank), but Spanish withholding tax applies (which can easily be reduced to 0%).

Deposit Guarantee Scheme

Deposits including accrued interest income are legally protected by the Portuguese Deposit Protection Fund up to an amount of EUR 100,000 per customer and per bank. Within the European Union, the minimum requirements are harmonized in all member states by Directives 94/19/EC, 2009/14/EC and 2014/49/EU. It should be noted that this protection relates to a customer's entire deposits with a bank. This is relevant if not only the deposits of a customer brokered via Raisin Bank were invested with a particular bank, but also other deposits of this customer were invested with the respective bank.

Tax process and documentation

Spain imposes a standard 19% withholding tax on deposit interest. However, as an Irish taxpayer, you can reduce this to 0% by submitting a certificate of Irish tax residence issued by Revenue. This document must be dated within 12 months of the expiry date and submitted at least 4 weeks prior to that date. For further details, please refer to the Product Information Sheet.

Raisin Bank's role

With Raisin Bank, one login gives you access to competitive savings accounts from banks across Europe, allowing your savings to work even harder. No fees, no paperwork: saving with Raisin Bank is online and hassle-free.