At call deposits
Libreta Servicio account book
An account book which enables you to check on your income and expenses at all times, with no restrictions on the number of account holders. You can have a cheque book, cards, associate cards, authorise direct debiting for payment of bills and transfer of salaries, etc. By arranging for your salary to be paid directly into the account, you will also have access to all the advantages of our Servicio Nómina Salary Service.
Libreta 3 account book
An account book with remuneration by periods of time, depending on the average balance during each settlement period and with no tax deductibles. You can have a cheque book, cards, associate cards, authorise direct debiting for payment of bills and transfer of salaries, etc. This can be arranged by natural or legal persons, whether or not they are resident in Spain.
Current account
This Account has the same benefits as the Libreta Servicio account book (cheque books, associated cards, authorisation of direct debiting for payment of bills and transfer of salaries, etc.), but the account book medium is replaced by regular statements, which you will receive as often as agreed. There are no restrictions on account holders. By arranging for your salary to be paid directly into the account, you will also have access to all the advantages of our Servicio Nómina Salary Service.
Foreign currency current account
An unrestricted deposit contract, established in any convertible currency listed on the Spanish market.
Immediate liquidity with access by cheques negotiable all over the world.
Account holders must have the same legal status (resident or non-resident) IPFS (Ordinary Term Savings) and Fixed Term rate indexed to the Euribor is the same as the fixed and variable rate IPFS shown on the website.
Term deposits
Fiscal savings deposit
A savings deposit at a fixed rate for a term of 25 months. This is especially suitable for people wishing to obtain a secure yield with tax advantages.
Interest is only paid once, on maturity, in order to take advantage of tax advantages. After maturity, it cannot be renewed.
This can be arranged by natural or legal persons, whether or not they are resident in Spain.
Combined savings
Bancaja periodically places a selection of products at your disposal (for the home, leisure, etc.) which can be obtained by depositing a given amount for a period of time. These are promotions at very competitive prices which combined with the immediate gift are an investment that is always interesting. This can be arranged by natural or legal persons residing in Spain.
Exempt from commissions and expenses for the client.
Multi-Income Deposit.
A fixed-term non-renewable deposit, with a yield which as well as having a predetermined fixed rate, may be linked to one or even two variable benchmark market rates.
The returns may be payable periodically or on maturity. In the latter case, they may benefit from the tax advantages for returns generated during a period of over two years.
The financial conditions of these deposits will occasionally be offered by the Bank depending on the situation in the capital markets at any given time.
These deposits can be arranged by natural or legal persons, whether or not they are resident in Spain.
These deposits may not be cancelled prematurely.
Fixed and variable rate Ipfs.
A secure savings product with higher remuneration than at call deposit accounts.
Deposits have an interest rate depending on their characteristics (period, frequency of liquidation and renewal). This product requires an account for charging and payment of the deposits and another account (which may be the same one) for payment of the interest obtained. The sums deposited may be recovered before the maturity date by paying a penalty which may not under any circumstances lead to a negative return.
This can be arranged by natural or legal persons, whether or not they are resident in Spain.
IPFs in Currencies
Fixed term deposits in currencies
This is a paid deposit contract, which is established in any of the convertible currencies listed on the market, the availability of which is limited to compliance with the previously agreed term.
The interest rate is indexed to the LIBOR (the benchmark rate of the London inter-bank market for a given period). On maturity of the term, it may be tacitly renewed on payment of the accrued interest into the call account or by increasing the term deposit.
You will be offered extensive information and advice at all Bancaja company branches, as well as swift management of your operations.
the product on the internet:
You can consult the balance of your fixed term currency deposits using the "Overall position" option, from your company whenever you wish, using the Bancaja Próxima [Businesses] service.
Loans
Promissory note
A private deposit contract, issued at a discount, in which the return is determined by the difference between the reimbursement price (nominal) and the purchase price (real). They are issued as bonds payable to a named individual, and can be transferred by any legal medium, and are exempt from conveyance tax. They are not listed in any official organised secondary market. This can be arranged by natural or legal persons, whether or not they are resident in Spain.
Mortgage bonds
These are bearer bonds issued by Bancaja, with a redemption period ranging between 3 and 3.5 years, with a fixed or variable rate depending on the issue. They are transferable, endorsable and pledgeable with no need for a broker and are exempt from the Tax on Property Conveyances and Documented Legal Acts. They are not listed in any official organised secondary market, although there is an internal system consisting of the entire network of Bancaja branches, to apply orders for sales and purchases. They are guaranteed by the Bancaja portfolio of mortgage loans.
Treasury Bonds
These are medium/long term securities issued by Bancaja. They can be sold on the secondary market through a broker and are exempt from the Tax on Property Conveyances and Documented Legal Acts. They are listed on the Valencia Stock Exchange and are represented by account entries, meaning that there are no physical certificates. They are issued at a fixed rate with a current coupon (quarterly payment of interest) or at an indexed rate at an index with a zero coupon. This can be arranged by natural or legal persons, whether or not they are resident in Spain.
Subordinated bonds
Securities issued with a redemption period of not less than 5 years and sometimes in perpetuity, although with the opportunity for early redemption after 20 years, upon request to the Bank of Spain by the issuer. They can be sold on the Stock Exchange or under the supervision of a notary public and are exempt from the Tax on Property Conveyances and Documented Legal Acts. Because of the length of the term, they are issued at a variable rate. They are represented by account entries which are listed on the Valencia Stock Exchange.
Preferential holdings
Securities issued by a holding company registered outside Spain which are fully guaranteed by Bancaja. These are issued at a variable rate and are perpetual, although Bancaja reserves the right to redeem them from the 5th year after issue onwards. The returns take the form of dividends and are paid quarterly. The bonds are represented by account entries which are listed on the official market of the Financial Assets Brokerage Association.
