A fixed-term deposit is a financial product in which you deposit an amount of money in a bank for a set period of time. In exchange, the bank pays you a fixed interest when that term ends.

The Interest-Bearing Deposit is a fixed term deposit type that you can take out from €5,000. Interest is paid after 12 months. Plus, if you have other eligible CaixaBank products, you can get a higher return on your deposit.

It is optional, since you can get 0.25% NIR (0.25% AER) when you take out a CaixaBank Interest-Bearing Deposit, even if you have no other additional products. You just need to have a CaixaBank current account, where you will receive the interest payment after the term of the deposit.

To get the additional interest based on 12 months, you must have taken out at least one of these products 2 months before the end of the deposit term, and you must keep these products for the duration of the deposit:

• Life insurance
• Health insurance
• Home insurance
• MyBox Alarm
• MyBox Senior Protection
• MyBox Retirement

Other conditions apply for specific products and services, which are as follows:

• Life and Home Insurance: these products must be taken out and active for 2 months before the term of the Interest-Bearing Deposit ends and the annual premium must be €120 or higher.
• MyBox Retirement: this product must be taken out and active for at least 2 months before the end of the Interest-Bearing Deposit term and you must have made at least one regular contribution.
• Direct deposit of salary: you must keep it direct deposited for 6 months before the end of the deposit term, i.e., at least 2 months before the end of the deposit term. 2 months before the end of the deposit term, we will confirm that you have had your salary direct deposited in the 6 months prior to that date.

• The NIR, or nominal interest rate, is the interest you will receive on your savings. For example, for €5,000, 1% NIR is €50.
• The AER, or annual equivalent rate, takes into account the interest you will receive along with any associated expenses and fees.

If you don't take out any of the eligible products and/or services, you will get 0.25% NIR (0.25% AER) on your money. For each CaixaBank product, you get 0.25% NIR, and the more CaixaBank products you have, the more you will get, up to a further 1% NIR. The maximum interest offered by the Interest-Bearing Deposit is 1.25% NIR. This is explained in the following representative examples:

**The AER AER the costs of the eligible products have been taken into account: Life Insurance (with a minimum premium of €120 per year) and MyBox Retirement (with a minimum premium of €132 per year). The AER may vary depending on the prices of the products you take out and the balance you deposit.

Early total withdrawal:

• If you decide to withdraw all the money from the deposit early, you will not receive any interest.

Early partial withdrawal:

• You can make partial withdrawals as long as you keep at least €500 in the Deposit, and you will receive interest only on that amount. The initial conditions will apply to any remaining money and they will be used to calculate both the minimum and additional interest, depending on the eligible products and services you have taken out.

Let's see an example:

• Initial deposit:
  €5,000.
• Early total withdrawal:
  If you withdraw all the money after 6 months, you will receive zero interest.
• Early partial withdrawal:
  If you withdraw €4,500 after 6 months, you will have €500 left in the deposit. The NIR and AER for 12 months will be calculated on that €500. The initial conditions will continue to apply to the €500 and they will be used to calculate the minimum and additional interest according to your eligible products and services.

You can find more information at:

• Direct deposited salary
• VidaCaixa Life Insurance.
• SegurCaixa Adeslas Health Insurance.
• SegurCaixa Home Insurance.
• Securitas Direct MyBox Home Alarm.
• Senior Protection from VidaCaixa and SegurCaixa Adeslas.
• MyBox Retirement from SegurCaixa.

The earnings or interest paid on this fixed term deposit are considered a payment in kind, and are subject to withholding as per the applicable tax laws.