Combined deposits
The winning combination
Increase the return on your deposit by combining it with an investment fund
Our combined deposits are comprised of a portion that is invested in a traditional bank deposit and another portion that is invested in an investment fund.
You can choose between several options that will divide the capital in different proportions between the fixed-rate deposit and the variable-return investment fund. Depending on how you distribute the amount you invest and the fund you choose, you will obtain a different return on the deposit. The return on the fund will depend on the performance of the markets.
To take out a deposit and a fund, all you need is to hold an account with MoraBanc. We will associate the deposit and the investment fund to the MoraBanc account specified by you. You can choose one of our proposed deposits and combine it with one of the investment funds we offer.
- You must hold an account with MoraBanc; both the deposit and the combined investment fund allow one holder only (who must be the same person) and both will be associated with the same MoraBanc account specified by you.
- Both the minimum and maximum amounts are subject to the commercially available deposits and funds at the time of purchase.
- Term: 12 months.
- Rate of interest: depending on the product taken out. The above interest rate will be paid provided that, upon maturity of the term deposit, you hold the minimum number of shares in the Investment Fund required for each option. If not, interest will be paid at 0.01%.
- Early redemption: you can redeem your deposit before it matures. The redemption of one product does not entail the redemption of the other product. You will receive the capital invested in the deposit (whether you withdraw it in full or in part) after deducting the redemption fee. If you wish to redeem the associated investment fund, please make a redemption request and we will repay the shares at market value, which may result in losses relative to the initial investment. Renewal: the product is not automatically renewable upon maturity. The fund has no maturity date. Once the term deposit has matured, you can either maintain or redeem the fund.
- Rates:
o For the term deposit:
Early redemption fee: 2% of the nominal amount based on the number of days remaining until the deposit matures.
o For the investment fund:
Entry fee (purchase): NO ENTRY FEE for a combined purchase.
Redemption fee (sale): the rate applicable to this type of fund at the time of sale.
Custody fee (six-monthly): 0.10%.
Early redemption fee: 2% of the nominal amount based on the number of days remaining until the deposit matures.
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Information on the processing of personal data
In compliance with Law 15/2003 of 18 December on protection of personal data, the customer authorizes that the applicant’s personal data entered on this form will be incorporated into files owned and managed by MORA BANC GRUP, SA – MORA BANC, SAU (hereafter referred to as “MoraBanc”) to process the requested service and, if necessary, to comply with the contracts finally entered into, and also to ensure correct operational procedures.
The applicant expressly authorises MoraBanc to send him/her commercial and promotional communications for products and services and information on the Bank itself, social or other activities, in hardcopy by post or by electronic means (among others, short messages (SMS) to mobile phones, e-mail, etc.). This consent can always be withdrawn, without retroactive effect.
The applicant authorises the data provided to be communicated or shared with third parties forming part of the MoraBanc business group, entities which are primarily active in the financial, insurance and service sectors. The applicant is considered as having been informed of this transfer of information by means of this clause. The applicant accepts that he/she may be sent information on any product or service marketed by these companies.
The data processing manager is MoraBanc. The applicant is hereby informed that the rights of access, rectification, suppression or opposition may be exercised in the terms established in current legislation.
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