SAVINGS INSURANCE

SIALP 85 Savings Plan

For savers committed to an objective to be met.

SIALP 85 Savings Plan: guaranteed interest on 85% of your savings.

The Banco Santander SIALP Savings Plan is an individual long-term savings insurance policy. You can make periodic and extraordinary contributions to the plan.

85% of the contributions will be used to build up capital with guaranteed interest, and the other 15% is invested to boost the return. The 15% will be invested in a number of funds, chiefly with equity income exposure.

The plan's liquidity is total from the very outset, it features additional capital in the event of death, and its income will be tax-free.

How does the SIALP 85 Savings Plan work?

GUARANTEED INTEREST RATE ON YOUR SAVINGS

You will have a guarantee for 85% of any contributions you make to the savings plan,and you will have a guaranteed minimum interest rate on this amount which can be replaced half-yearly by a better interest rate, provided it is higher than the previous rate.

The remaining 15% will be invested in a number of funds, chiefly with equity income exposure, with no guarantee.

TOTAL LIQUIDITY FROM DAY ONE

You can surrender the accumulated savings in full at any time with no penalties.

BONUS: GET AN ADDITIONAL RETURN

If you honour your commitment and save each month for the entire year, you can have a bonus consisting of an additional interest rate which will be applied to the average balance held on the policy during the year.

COVER IN THE EVENT OF DEATH

Also, in the event of the death of the insured before the due date, the beneficiary or beneficiaries designated for this contingency will receive the accumulated savings plus an additional capital sum which will depend on the age of the insured at the time of death.

TAX TREATMENT

This insurance is configured for you to obtain accumulated capital at the policy's due date, guaranteeing at least 85% of contributions, income on which is tax-free, if the requisites established by current legislation are met.

These requisites are currently as follows:

More than 5 years must have elapsed since the first contribution to the long-term savings plan.
The party concerned must hold one long-term savings plan only.
The Policy Holder, the Insured and the Beneficiary for the survival sum must be the same person.
No more than EUR 5,000 per year must have been contributed to the long-term savings plan.

If you require more information on the SIALP 85 Savings Plan and how to take it out, go to any Banco Santander branch or contact your Personal Santander Manager.

Shall we discuss it?

If you would like more information, visit any of our branch offices.

BRANCH FINDER