Nominal value

1 Euro

Minimum subscription amount

10 units

Term

15 years

Base rate

Calculated on a monthly basis on the second-last business day on the month, to be in force during the month ensuing, according to the formula below: 
                                          E3
where E3 is the average amount of the three month Euribor recorded over the previous ten business days, rounded off to the third decimal point
From the formula above cannot result an interest rate superior to 2.5% neither inferior to 0%

Interest period

Each subscription will accrue interest on a quarterly basis. The interest becomes due on the day of the month equal to the subscription's value date. Should this day not exist in the maturity month, the interest will become due on the first day of the subsequent month

Holding premium in percentage points

The holding premiums shown below, expressed in percentage points, are added to the base rate:

• 0.25% - from the 2nd to the 5th year;
• 0.50% - from the 6th to the 9th year;
• 1.00% - in the 10th and 11th grade;
• 1.50% - in the 12th and 13th year;
• 1.75% - in the 14th and 15th year.

Capitalization

Automatic capitalization of the accrued interest (net of income tax)

Reimbursement

Of capital and capitalized interest on the 15^th anniversary of the subscription's settlement date

If that day does not exist in the due month, the credit will take place on the 1st day of the following month

If the refund occurs on a non-business day, the respective credit takes place on the next business day

The amounts will be credited in an account (an International Bank Account Number (IBAN) must be indicated when taking out the 1^st subscription)

Early redemption

Total or partial, as from the date on which the subscription's first interest payment becomes due. The redemption establishes the repayment of the nominal amount of the units redeemed and of the amount of the interest capitalized up until the redemption date

Ownership  and
Transactions
                   

Only natural persons may subscribe Savings Certificates.

There are no proxy

Natural persons may only hold one Savings account and each Savings account will be assigned a IBAN

The subscription channels for the «Series F» savings certificates can be changed by the IGCP, E.P.E., through information published on its website (www.igcp.pt)