Investments

Savings account: what is it?

Discover what the Savings Account is and how it works, a way to invest by subscribing to your Savings Certificates to profit from it!

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Discover what a Savings Account is: make your investments!

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So, find out what it is and how it works. Source: ePortugal.

Have you heard of Conta Aforro and want to know what it is? Then this text is ideal for you! This is a specific account for those who want to invest in Savings Certificates.

This is a very safe type of investment, with a guaranteed return. Applications range from 100 euros to 250 thousand!

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How to subscribe to a Savings Account?

Having a Savings Account is the key to starting your investments safely. See how to subscribe and open yours as soon as possible.

Thus, this Account allows you to subscribe to these Certificates. Furthermore, with it, you can manage, organize and redeem your money and Certificates.

If you want to know more, then continue reading our text and ask all your questions!

How does the Savings Account work?

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After all, how does it work? Source: ePortugal.

So, what is an Account of this type? How does it work and what is its objective?

Well, this Account is basically for you to make investments. With it you can purchase and organize your savings certificates. This way, when you subscribe to Savings Certificates, the account can be created.

Furthermore, your account must always be linked to a Bank Identification Number (NIB). In other words, you need to have an account at a national bank! But, what exactly is a Savings Certificate?

What is a Savings Certificate?

A Savings Certificate is an investment without any type of risk. This happens because they are directly associated with the public debt of the Portuguese State. In other words, you are lending money to the country.

Thus, he has a guarantee of interest return for you. Thus, as this is a safe investment, the financial return is not as high as other higher risk investments.

However, among low-risk investments, it is one of the most liquid. But, do you want to know if you can open an Account and subscribe to Savings Certificates?

Who can open an account?

Well, basically any citizen can subscribe to a Savings Account and, consequently, acquire Certificates.

For this, the only rule is that you have an IBAN. Afterwards it is necessary to have a NIF. So be aware of these demands.

How to subscribe to a Savings Account?

Did you like the possibility of having one of these Accounts? It's great to have the possibility of profiting from safe investments, isn't it? So don't waste time subscribing. But, how to open your Savings Account?

Unfortunately, it is not possible to subscribe online. Therefore, the entire process must be done in person at CTT branches.

Want to know more information? For example, what documents to take and what to fill out to sign up for an Account of this type? So, get to know the step-by-step guide we did exclusively to answer your questions.

Click on the link below and discover all the details to open your Account!

Logo eportugal

How to subscribe to a Savings Account?

Having a Savings Account is the key to starting your investments safely. See how to subscribe and open yours as soon as possible.

About the author  /  Filipe Travanca

Bachelor in History and Audiovisual from the University of São Paulo. Passionate about writing and literature, he works as a screenwriter, editor and short story writer, exploring the most varied themes and subjects. A very curious person, who likes to study a little bit of everything and share this learning in his texts.

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