Do you want to know what Savings Certificates are and how much they yield? This is a great investment for those looking for low-risk securities.

Therefore, with compound interest and quarterly income, Savings Certificates are one of the most sought after options by small investors. This type of investment has been carried out since 1960.

Furthermore, there are different types of series corresponding to specific historical periods. Therefore, the series currently circulating on the market for subscription is the E series. The others are no longer available.

Therefore, all information in this text is relative to the most recent series. However, if you have an investment in another series, check its specific rules. Want more information to make your investment? So keep reading.

Firstly, Savings Certificates are public debt securities that yield in a controllable manner. But what does it mean?

When you purchase Savings Certificates, you are lending money to the Portuguese State. This way, you receive interest on the money in return. This is an investment with virtually no risk.

This is because the State offers a payment guarantee. Furthermore, this is a great option for families and people who want to start saving. Therefore, it is very easy to subscribe and redeem.

On the other hand, there is a tax charge on quarterly income, it is 28% of profit. However, the amount you receive already has the tax rate deducted.

In fact, the investment works quarterly, according to interest rates.

In other words, when you purchase savings certificates, you can withdraw the invested amount plus interest in three months.

However, the total investment period is 10 years. Furthermore, there are several mechanisms to benefit you the longer you leave your money invested.

Furthermore, there is no charge or punishment for withdrawing the amount before 10 years.

Anyone can purchase Savings Certificates. You just need to provide some documents. Even minors can also have Savings Certificates.

However, they cannot repay before reaching 18 years of age, unless they are emancipated. In fact, it is possible to acquire the investment for yourself or for third parties, by filling out the available form.

Furthermore, these are non-transferable titles. That is, you cannot resell them or give them to other people. The only possibility for change is in the event of the death of the person holding the Savings Certificates.

And, in this case, the heirs are responsible for the amortization or nominal transfer. Anyway, let's see how much the Savings Certificates yield?

First, let's see how interest is calculated. The base interest rate that regulates Savings Certificates is Euribor. 

Thus, as the investment is quarterly, the Euribor value is the average of the three months relating to the investment.

Furthermore, it adds 1% to the average. Okay, so you have the interest value of your Savings Certificates. In other words, this is an investment with flexible profitability. 

In fact, this value cannot be higher than 3.5% nor lower than 0%. In other words, you will always make a profit. Furthermore, at the end of each quarter, your interest rate for the period is added to the amount. 

Thus, generating an investment of greater value and consequently generating more profit in the following quarter. In other words, this is an interest capitalization system.

Additionally, as previously stated, you earn permanence rewards. This amount is added to the base rate.

For example, from the second year to the fifth, you earn an additional 0.5%. From the sixth to the tenth year, you earn more 1%.

In other words, the longer you leave your money investing over a 10-year period, the more you earn.

Furthermore, each Certificate unit is worth one euro. However, the minimum investment is €100. Meanwhile, the maximum can reach €250,000 per Savings Account!

Do you want to know how to acquire your new Certificates and start investing? So know that it is very easy to purchase Savings Certificates and make your investment.

Furthermore, you can subscribe at any time, depending only on opening hours.

In fact, there are no fees for the subscription procedure, which is a great investment. 

And, as said, anyone can subscribe at any time, but where can you do this process? There are two very simple ways, in-person and virtual!

The first way for you to subscribe can be through any CTT station. Therefore, you need to present an identification document and a taxpayer number.

In addition, you must have a Savings Account, which can also be opened at a CTT or IGCP branch.

Therefore, you must associate your bank account where redemption and payments are linked.

On the other hand, it is possible to carry out the process virtually. To do this, you must already have your Savings Account.

So, just enter the AforroNet system, provided by IGCP. So, just register and you can fully manage the purchase of Savings Certificates.

This way, you do not depend on branch opening hours to subscribe.

Furthermore, in this system you can also manage your data, changing addresses and checking your wallet at any time.

And then? Did you like to know what Savings Certificates are and how much they yield? Don't miss this opportunity and make your investments.

But, as we said, it is important that you have a Savings Account. Want to know how you can subscribe to this account?

We have prepared a perfect step-by-step guide for you to better understand how this process works. Click on the link below and find out how to start your investment as soon as possible!