Fixed Term Deposits
If you have surplus funds that you know you will not need for a period of time, you can place them on deposit so they can earn interest for your business.
You may have deposits in sterling, euros, US dollars anda other currencies.
Setting up a deposit is very easy - you can choose between, monthly, quarterly or longer. The interest rate depends on the amount. Many business customers opt for a weekly deposit - these normally run from Friday to Friday.
If you need access to the funds or wish to increase the deposit, just let us know by Thursday and we will modify it as required. Otherwise, we will renew it automatically for the same period. Each time we renew your deposit we will send you a confirmation showing the new period and the interest.
Spanish Banks Deposit Insurance Fund
We are part of Banco Bilbao Vizcaya Argentaria, S.A. ,which is based in Spain. Most depositors are covered by the Fondo de Garantia de Depositos, which is also based in Spain.
This means that if our bank is unable to meet its financial obligations, our eligible UK depositors would be entitled to claim up to £76,722.42(*) from the Fondo de Garantia de Depositos. The monetary amount guaranteed is applied per depositor. When an account has more than one holder, the sum is divided between the holders in accordance with the terms of their contract. Each holder is guaranteed up to the maximum limit.
For further information about the Deposit Guarantee Fund (including the amounts covered and eligibility to claim) please contact your branch or refer to:
Fondos de Garantía de Depósitos
C/ José Ortega y Gasset, 22 -5 planta
Teléfono: +34 91 431 66 45
Fax: + 34 91 575 57 28
(*) Equivalent of €100,000 based on an exchange rate of 1.3034 Euro/£. This rate is subject to fluctuation.
Please see our Tariff of Charges for our BBVA current account fees and charges.