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Banco Finantia S.A Sucursal en España is a member of the Portuguese Deposit Guarantee Fund, which guarantees deposits up to a limit of €100,000 per depositor and institution.
The rates offered apply to deposits with a minimum amount of €50,000.
(This risk indicator applies to the term deposits and account promoted on this page)
Banco Finantia’s United States Dollar (USD) term deposits are designed for clients who wish to diversify their savings by investing in a reference currency. With competitive interest rates and a range of maturities, this solution combines simplicity, stability and personalised support.
These deposits are always linked to a current account in the same currency, meaning that all settlements are made in USD. Customers also have the option to exchange EUR and USD whenever they wish.
Withdrawable Term Deposits
TERM
APR
3,5000% NIR
Interest Payment
Maturity
Amount of Investment
from $50.000 to $500.000
(1)
Exclusive to new funds.
Banco Finantia S.A Sucursal en España may allow early cancellation upon the client’s specific and individual request.
In the event of early cancellation, a penalty corresponding to 100% of the interest accrued up to that moment will apply to all promoted terms.
Banco Finantia is a member of the Portuguese Deposit Guarantee Fund, which protects deposits in accordance with the terms and limits established under the applicable legislation.
(1) Representative example: for a 12-month fixed-term deposit with a balance of $50,000, with an TAE of 3.50% and a TNA of 3.50%, the interest payable at maturity, assuming the balance is maintained throughout the entire term of the deposit, would amount to $1,750.00 gross. The applicable withholding tax will be applied to the gross interest amount.
Why choose our deposits?
Conservative investment solutions, with defined maturities and predictable returns.
Check the terms and conditions and the return on each deposit clearly
Solutions with different maturities, designed to match your financial time horizon.
Subscription process via digital platforms or with specialised support from our account managers.
Frequently Asked Questions
Before marketing a deposit, we provide you with a Standardised Information Sheet, in the case of simple deposits, or an information prospectus, in the case of indexed or dual deposits, setting out the main characteristics of the deposit you intend to contract.
All characteristics set out in the Standardised Information Sheet and in the information prospectus are also included in the deposit contract, which is delivered to you at the time of subscription.
The Deposit Guarantee Fund (DGF) guarantees the reimbursement of the total amount of your deposits held with each credit institution, up to a maximum limit of €100,000 per depositor, considering the overall balance held with the same bank.
At the time of subscribing to a deposit, we provide you with the Depositor Information Form (DIF), which indicates the protection applicable to the deposit and whether it is eligible for coverage by the DGF. This information is also included in account statements, with the form being made available at least once a year.
Learn more about the Deposit Guarantee Fund here.
Yes. As a participating bank in the Deposit Guarantee Fund (DGF), deposits placed with Banco Finantia S.A Sucursal en España are covered by the guarantee provided by the DGF, in accordance with the applicable regulations.
The minimum amount required to place a term deposit with Banco Finantia is €50,000.
Interest is paid by credit to the associated current account, with the relevant credit being made on the maturity date itself.
The interest earned is credited to the current account and becomes fully available in the client’s account.
This depends on the type of deposit contracted. Deposits with possibility of withdrawal allow for early mobilization, either partial or total, deposits that don’t offer that possibility may not allow mobilization prior to maturity.
In the case of early mobilization deposits, if mobilization occurs on the interest payment date, no penalty applies. At any other time, early mobilization implies the total forfeiture of interest for the period corresponding to the redeemed capital.
Deposits at Banco Finantia do not capitalise interest.
No. Term deposits do not allow for additional contributions, except by agreement between the parties.
Income from a term deposit is classified as investment income and is subject to withholding tax at a rate of 28%, with a final nature for Personal Income Tax (IRS) purposes and as a payment on account for Corporate Income Tax (IRC) purposes.
This tax framework corresponds to the regime in force at the start of the subscription period and may change during the term of the deposit. The regime described does not prejudice the application of any double taxation agreements applicable to entities not resident in Portugal and does not dispense consultation of the applicable legislation.
If you have any further questions about Banco Finantia, please consult the dedicated Frequently Asked Questions page.
