Multiply Savings Plan

Increase your savings, guarantee your future

The Multiplica Savings Plan is an ideal product for those looking to invest their money safely and obtain guaranteed benefits. This savings insurance guarantees you a fixed return on the money you contribute. At the end of the period you contract, you will receive guaranteed profitability, without surprises.

You can invest from €1,000 and no maximum, thus adapting the investment to your needs. In addition, you can contract as many Multiplication Savings Plans as you want.

The Multiplica Savings Plan also offers death coverage of 1.1% of the value of the fund accumulated at the end of the month prior to death, thus providing extra peace of mind for you and your loved ones.

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Excellent profitability

4% gross profitability* guaranteed for 1 year.

As long as you maintain the investment during that period.

^{*Without deducting the costs of death coverage and management expenses.}

Characteristics

Guaranteed profitability

The Multiplica Savings Plan guarantees fixed profitability on your contribution. At the end of each agreed period, this profitability will be added to your plan.

Renewal

If you decide not to redeem your savings at the expiration of the agreed period, you can choose between the guaranteed interest options available at that time or have a new one-year guaranteed interest applied by default.

Rescues

You will have the right to redeem your accumulated savings at the end of each period, receiving the guaranteed interest rate according to the signed contract. You can also choose to redeem in advance of the expiration of the established period, in which case linking your savings to unfavorable market fluctuations.

Additional coverage

Savings life insurance with death coverage of 1.1% of the value of the accumulated fund.

Competitive management fees

With management expenses well below those of the rest of the insurance entities. 0.5% annually.

Documentation extra

Product Kid

Annex I of the Product Kid

Frequently asked questions

Yes, as long as you do not redeem your contribution before the guarantee period stipulated in the contract.

Yes, you will be able to use your accumulated fund before the guarantee expiration date. However, the early withdrawal will be at the market value of the reference assets, so you may suffer losses.

There is no penalty for redeeming early, but you will not redeem with the guaranteed profitability but at the market value of the reference assets. This means that you may suffer losses.

The income will be taxed as income from movable capital. In the event of the death of the insured person, the person designated as beneficiary must pay inheritance and donation taxes.

The policyholder, upon expiration, may request the express renewal of his or her plan in which he or she may choose between the guarantees in force at that time. How does the renewal of this product work? 15 days before the end of the contract, we will send you a reminder so that you know that you can renew for the options available to contract at that time. If you do not communicate anything to us, the product will be automatically renewed for 1 year with the interest rate guarantee offered by Mutualidad at that time.

Tacit renewal: Minimum interest guaranteed in any case upon renewal.

Art. 15.4 Rule: “If the Policyholder does not carry out this renewal request, it will automatically be renewed for a guarantee period of one year and with the guaranteed interest rate that Mutualidad offers at that time for that period, which in no case “In any case, it will be lower than the interest on the Spanish Treasury Bill in the last auction, minus 100 basis points, nor less than zero.”

Yes. You can take out as many Multiplica Savings policies as you want, as long as there is stock available for the requested guarantee option. What you cannot make are extraordinary contributions to the policies you already have contracted for this product. In that case you have the option of contracting another Ahorro Multiplica.

Products

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Plan Ahorro 5

Save without taxes

Exempt from taxation from the 5th year onwards
Excellent return
Maximum contributions of €5,000/year
Possibility of mobilisation from one entity to another
Redemption from the first year

Plan Ahorro Flexible

Your money available whenever you want it

Save with liquidity and a return
You can have your savings at your disposal from the very first moment
No contribution limits
Regularly or with on-off contributions, whenever it suits you best
Tax only when you receive your earnings

* System included in the Plan Universal de la Abogacía