Conta Poupança Reformado 12 Meses – Retired Savings Account 12‑Month Term Deposit
If you are already retired,
subscribe to the Conta Poupança Reformado.
Retired Savings Account 12‑Month Term Deposit
Retired Savings Account 12‑Month Term Deposit is a term deposit designed for customers who are retired.
It allows an opening amount starting from €250 and is available exclusively through novobanco branches.
| Term | 12 months. |
| Interest rate | 0.10% TANB |
| Amounts | Minimum opening amount: €250 Minimum balance to maintain: €250 |
| Additional contributions | Allowed from €50. |
| Special conditions | Minimum balance to maintain: €250 |
| Fees | None. |
| Interest payment | Interest is paid at the end of the term by crediting the associated current account. |
| Redemption at maturity | At the end of the term, if the customer chooses not to renew, the associated current account will be credited with the capital and interest. |
| Early redemption | Full or partial early redemption is allowed at any time, with total loss of interest on the redeemed amount. Total loss of interest means that no interest will be calculated or paid on the redeemed amount from the date the deposit was opened or from the last interest payment date, if applicable. |
| Taxation | Interest earned is subject to withholding tax (IRS) at the rate in force at maturity. Currently, interest on retired savings accounts is subject to IRS withholding tax at a flat rate of 28%, in accordance with Law No. 75‑B/2020 of 31 December (State Budget for 2021). Optional aggregation for IRS purposes is available and implies taxation at the final IRS rates and, where applicable, the additional solidarity tax. Exemption from stamp duty applies to free transfers (inter vivos or mortis causa) in favour of spouses or partners, descendants and ascendants. The Bank assumes no responsibility for any loss of return resulting from changes to the tax regime. |
| Commercialisation period | Available for subscription. |
Additional note: The interest calculation basis is 360 days. No rounding is applied to the interest rate.
Documentation
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Other savings options
Micro Savings
Online subscription
Save as naturally as you breathe.
Junior Scheduled Savings Account
Online subscription
Saving for the little ones.
Retirement Savings Account
Save for your retirement.
PUB | NOVO BANCO S.A. | Registered no. 7 at Banco de Portugal
Retired Savings Account 12‑Month Term Deposit
If you are already retired, subscribe to the Retirement Savings Account.