
Technical Data Savings Certificates Series E
Series E, created by Ordinance n.º 329-A/2017, of October 30, with subscriptions having been closed by the Ordinance 149-A/2023 of June 2nd
Characterization
Term
10 years, starting from the respective value date of each subscription
Interest Rate
Determined monthly on the antepenultimate business day of the month, to be in effect during the following month, according to the formula:
E3+1%, where E3 is the average of the values of the three-month Euribor observed in the previous ten business days, with the result rounded to the third decimal place. The application of this formula shall not result in a base rate higher than 3.5% or lower than 0%.
The following stay bonuses will be added to the base rate:
0.5% - from the beginning of the 2nd year until the end of the 5th year;
1.0% - from the beginning of the 6th year until the end of the 10th year.
Capitalization
Automatic capitalization of accrued interest (net of income tax).
Repayment
Of principal and capitalized interest, on the 10th anniversary of the subscription value date. The amounts are credited to an account (it is mandatory to indicate the IBAN for the first subscription).
Early Redemption
Total or partial, starting from the date of the first interest maturity of the subscription. The redemption results in the repayment of the nominal value of the redeemed units and the value of capitalized interest up until the redemption date.
Transmission Prescription
The Savings Certificates of series E shall become prescribed in favor of the FRDP within a period of 10 years counted from the date of their respective maturity, in accordance with Law No. 7/98, of February 3rd.
Form of Representation
Form of Representation
The savings certificates of "series E" are book-entry securities (registered securities) in the sense that they are solely represented by account records.
Ownership and Movement
Ownership
Accounts held by individuals
Savings Account
Each individual can only hold one Savings Account and each Savings Account will be associated with an International Bank Account Number (IBAN)
Movers
No
Capital Guarantee
Capital Guarantee
Total Capital Guarantee
Online forms for Savings Certificates or Redemption Tables can be found on the Forms page.
You can also simulate the current redemption value of your Certificate portfolio in Simulation Series E.