How Do You Buy Certificates Of Deposit In Spain?
A certificate of deposit (CD) is different from a savings account because of the length of time it stays in the bank, which is known as fixed term, and its fixed interest rate. Buying CDs in Spain can be a risk if you are a foreigner and need to convert from one currency into Euros. However, there are plenty of banks with foreign services to guide both permanent and non-residents. For investors looking to make profit at low risk, search for the most efficient rates and rewards at Spanish banks. Step 1 Open a Spanish bank account. If you are planning to stay in Spain for more than three to six months, find a bank you trust and open an account. With over 350 banks in Spain including main banks, foreign establishments and bank branches, the decision could be tricky. In each Spanish city there is a concentration of one or two kinds of banks—for instance in Valencia, Albalat Dels Sorells and Alginet and in Madrid Alcalá de Henares and Alcobendas are popular choices. Step 2 Provide documen
