|
Interest accrual period |
Quarterly |
| Accrued interest capitalisation |
Interest (net of tax) is added to the total value of the Certificate. |
|
Interest 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:
0.85*E3+0.25
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.
|
|
Interest period |
Each subscription will accrue interest on a quartely 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 permanence premiums indicated below, which will be added to the base rate.
0.50 - in the second year;
0.75 - in the third year;
1.00 - from the fourth to the seventh year;
1.25 - in the eighth year;
1.5 - in the ninth year;
2.5 - in the tenth year. |
|
Reimbursement |
Of capital and capitalised interest on the 10st anniversary of the subscription's settlement date. The amounts will be credited in an account. |
|
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 capitalised up until the redemption date.
The Certificates may be redeemed by the owner or by his/her representative, on The Post Office (CTT) |
| Transfer/Prescription |
C Series Savings Certificates expire in favor of the FRDP within a period of 10 years from the respective maturity date, under the terms of Law No. 7/98, of 3 February. |
