According to the government, the new state savings product offers guaranteed capital, increasing fixed rate and an average gross annual remuneration of 2.71%.
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O new state savings product, the Series 5 Treasury Certificates, began to be traded this week, with an average rate of 2.71% and guaranteed capital. The government explains that they are an “alternative for those seeking a medium-term savings solution”.
” The new Series 5 Treasury Certificates are now available. The new state savings product offers guaranteed capital, increasing fixed rate and an average gross annual remuneration of 2.71%. An alternative for those seeking a medium-term savings solution”, explained the Executive, in a publication shared on the social network Instagram.
The government argues that “subscriptions can be made through AforroNet, CTT, Citizen Areas and acceding financial institutions”.
Moreover, in a statement sent to the essays this week, the CTT announced that “the new state savings product issued by the IGCP: the Treasury Certificates Series 5 is already available in all CTT stores”.
” As a reference partner of the Portuguese State for over 60 years in the distribution of public savings solutions, CTTs make this product available through their network of stores, ensuring access for all citizens to IGCP savings instruments throughout the country. With a wide geographical coverage and a close presence with the populations – including in the autonomous regions and in locations with less financial services -, the CTTs put to the service of the Portuguese the deep knowledge and the long experience of their network in the commercialization of these products”, can be read in the published note.
The CTTs state that “in addition to the in-person subscription to the CTT Stores, the Treasury Certificates Series 5 can also be subscribed through the CTT App, provided that the customer already has a Saving Account in the IGCP”.
” This digital option allows simple, convenient and secure operations, complementing the face-to-face offer of TTCs and providing greater flexibility in the management of their savings,” the company stresses.
The Portuguese State “reinforces the diversity of supply of savings products, allowing citizens to choose, under more attractive market conditions, a fixed-rate product complementary to the variable rate of Certificates of Savings Series F”, the Finances highlight.
According to the resolution of the Council of Ministers, the Treasury and Public Debt Management Agency – IGCP regulates the issue, subscription, transmission and reimbursement of securities.
It is further advanced that interest is subject to IRS and securities exempt from stamp duty, provided that they revert in favor of legitimate heirs.