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Micro-Poupança - Micro‑savings

New times call for a new way to save.

GNAR

0,50%

Minimum opening amount

Not applicable

Term

366 days

Micro‑Savings 

New times call for a new way to save.

Micro savings is an innovative savings solution tailored to your means, helping you start saving effortlessly.

How it works?

  • An innovative way to save effortlessly, tailored to what you can put aside.

    Micro-Savings allows you to round up the payments you make from your current account. You choose the rounding amount, and that difference is automatically transferred to a savings account of your choice.

    You have full flexibility. You can set different destination accounts for different types of transactions and rounding rules. And you can change or cancel your Micro‑savings setup at any time.

    Decide how you want to micro‑save.

Micro‑savings

How can you join?

Subscribe
1

Choose your payments

Access novobanco Online or visit your Branch and select the payments made from your current account that you want to use for micro‑saving

2

Choose your rounding method

Select the rounding rule you want to apply: multiples of €1, €2, €5 or €10

3

Choose your savings account

Select the savings account where your rounded amounts will be transferred. It can be your own account or an account belonging to a family member or friend

Subscribe

 

How to save?

You micro‑save gradually and effortlessly. You can choose one of four rounding options: €1, €2, €5 or €10.

Here’s an example of how your Micro-Poupança - Micro‑savings setup could work:

Payment amount

TransactionRounding optionPayment amountPayment + roundingAmount saved
Mortgage payment Multiple of €5€226,30€230€3,70
Water billMultiple of €2€30,80€32€1,20
Electricity billMultiple of €2€42,37€44€1,63
Lunch debit card paymentMultiple of  €1€5,20€6€0,80
Supermarket debit card paymentMultiple of €1€18,32€19€0,68
Mobile top‑upMultiple of €1€12,00€12€0

 

With just one day’s movements, you would have saved €8.01 without even noticing.

Frequently asked questions

Do I need a current account with novobanco to join?

Yes. The Micro-Poupança - Micro‑savings service must be linked to a EUR‑denominated current account held by individual clients or sole traders.

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Can I save into any savings account opened at novobanco?

Yes. The destination savings account may be yours or belong to a family member or friend, as long as it is one of the savings products allowed by the bank at that time.

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Do I choose which transactions are rounded?

Yes. When you join or update your micro savings, you select the types of transactions you want to round for each savings account, from the categories available at that time.

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Can I round the same type of transaction into two or more savings accounts?

No. Each transaction type can only be linked to one savings account.

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Are the rounded amounts debited one by one from my current account and credited individually to the savings account?

No. Rounded amounts are grouped by transaction type and debited from your current account at the end of each day.

Examples of transaction types include mortgage payments, personal loan instalments, debit card purchases, bill payments, mobile top‑ups, direct debits, standing orders and interbank transfers. 
Each debit entry in your current account is mirrored by a corresponding credit entry in the chosen savings account.

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Other topics

No. Each transaction type can only have one rounding factor.

Yes. The same rounding factor can be used across multiple transaction types.

Just go to novobanco Online or visit your Branch. 
At the Branch, activation is immediate — rounding starts on the same day. 
On novobanco Online, the standard activation time is 24 hours, and in exceptional cases it may take up to 48 hours.

Yes. You can change or cancel the service at any time via novobanco Online or at your Branch. 
At the branch, changes or cancellations take effect on the same day — rounding that day will already follow your updated settings, or stop completely if you cancel the service. Keep a signed copy of your change or cancellation request.

If you do it through novobanco Online, select the change option and choose which rules to remove and/or add. 
If you want to cancel all active options, you don’t need to list them — simply choose the cancellation option. 
The standard processing time is 24 hours, and in exceptional cases up to 48 hours.

There is no minimum or maximum amount. Your first contribution will be the value of your first rounding.

Click the documents you want to download.
Standard Information Sheet (FIN)* Standard Information Sheet (FIN)*
General Terms and Conditions of the Micro Savings Service* General Terms and Conditions of the Micro Savings Service*

*Scroll down to find the english version

Other savings options

Programmed Savings Account
Programmed Savings Account

Programmed Savings Account

Online subscription 
Save at your own pace.

Junior Programmed Savings Account
Junior Programmed Savings Account

Junior Programmed Savings Account

Online subscription 
Save for the little ones.

Retiree Savings Account
Retiree Savings Account

Retiree Savings Account

Save for your retirement.

PUB | NOVO BANCO S.A. | Registered no. 7 at Banco de Portugal

Micro‑savings

New times call for a new way to save.

PUB | NOVO BANCO S.A. | Registered no. 7 at Banco de Portugal