Banco Português De Gestão

PortugalPortugal(A-)

Deposit amount:Start saving from €20,000 up to €100,000

Deposit Guarantee protection: Up to €100,000.00 payout in EUR

logo of Banco Português De Gestão

Rate

Duration

Currency

Product Type

Rate

2.50% AER

Duration

6 Months

Currency

EUR

Product Type

Term deposit
Term deposit
Save now
Nominal rate

2.50% Gross

AER

2.50% Gross

Compound interest

No

Term

6 Months

Availability

Available at maturity

Interest payment

Interest is paid at maturity

Interest payment

At maturity

Variable interest rate

Interest rate remains fixed for the agreed term.

Renewal

This deposit will be extended at maturity unless you deactivate this option it in your Raisin Account.

About the Bank

Banco Português de Gestão is a Portuguese private corporate and investment bank founded in 2000. In addition to its main branch in Lisbon, the bank has a branch in Porto. The majority shareholder of Banco Português de Gestão, with over 98%, is the private and non-profit foundation Fundação Oriente. Banco Português de Gestão's offering includes investment banking, corporate banking, retail banking, financing and asset management services for small and medium-sized enterprises (SMEs), as well as wealthy individuals and government institutions. The bank also provides tailor-made solutions for the special requirements of the welfare state institutions that are part of its customer base.

Deposit Guarantee Scheme

Deposits including accrued interest income are legally protected by the Portuguese Deposit Protection Fund up to an amount of EUR 100,000 per customer and per bank. Within the European Union, the minimum requirements are harmonized in all member states by Directives 94/19/EC, 2009/14/EC and 2014/49/EU. It should be noted that this protection relates to a customer's entire deposits with a bank. This is relevant if not only the deposits of a customer brokered via WeltSparen were invested with a particular bank, but also other deposits of this customer were invested with the respective bank.

Tax process and documentation

Portugal has a withholding tax rate of 28%, and, due to Double Taxation Agreements (DTAs) you have the option to reduce this rate to 15%.

Raisin Bank's role

With Raisin Bank, one login gives you access to competitive savings accounts from banks across Europe, allowing your savings to work even harder. No fees, no paperwork: saving with Raisin Bank is online and hassle-free.