Novo Banco, SA

Business Summary

Services
retail banking
investment management
asset management
insurance
corporate banking
Products
current accounts
credit cards
debit cards
savings accounts
time deposit accounts (0.00 - 0.00 %)
investment funds
consumer loans
debit cards
prepaid cards
car loans
mortgage loans (2.28 - 2.28 %)
Area Served
Portugal
Germany

Novo Banco, SA provides products and services in the areas of retail banking, investment management, asset management, insurance, corporate banking. The range of products offered by Novo Banco, SA includes current accounts, credit cards, debit cards, savings accounts, time deposit accounts (0.00 - 0.00 %), investment funds, consumer loans, debit cards, prepaid cards, car loans, mortgage loans (2.28 - 2.28 %).

Products

Time Deposit Accounts

Time deposits accounts are interest-bearing deposit accounts offering higher interest rates than savings accounts. However the money deposited to such account cannot be withdrawn for a specified period of time (term).

Novo Banco, SA offers the following time deposit accounts.

Updated on 17 February 2020

Festgeld
Sales Region
Germany
Investment Amount
5,000 - 100,000 EUR
Interest Rate (p.a.)
0.00 %
Deposit Term
12 months
Time Deposit Account Details
Product Name
Festgeld
Account Currency
EUR
Min. Interest Rate (p.a.)
0.00 %
Max. Interest Rate (p.a.)
0.00 %
Min. Deposit Term
12 months
Max. Deposit Term
12 months
Min. Investment Amount
5,000 EUR
Max. Investment Amount
100,000 EUR
Interest Frequency
1 times a year

Germany: This product is offered to German residents only. When clicking on the product link you will be redirected to the product page in German.
Deposit Guarantee. Time deposit accounts made with Novo Banco, SA are covered by deposit guarantee scheme of Portugal up to 100,000 EUR per depositor.
Withholding Tax. Interest income gained on time deposit accounts by non-residents of Portugal is not taxed. Interest gained on time deposit accounts by residents of Portugal is taxed at 25.00% rate. When the interest is paid, this tax is automatically withhold by Novo Banco, SA from the time deposit account.

See Also

Mortgage Loans

Mortgage loans are secured loans used for real estate financing purposes (for example, purchase of a new or existing property, construction of an own property, property renovation) without paying the entire value up front. A mortgage loan is secured by the collateral of specified real estate property and is repaid in installments. Mortgage loans offered by Novo Banco, SA are shown in the table below.

Updated on 17 February 2020

Sales Region
Portugal
Loan Term
up to 40 years
Min. Variable Rate (p.a.)
12-month EURIBOR + 1.15 %
Max. LTV
100.00 %
Mortgage Loan Details
Currency
EUR
Max. Mortgage Amount
700,000 EUR
Min. Variable Rate (p.a.)
12-month EURIBOR + 1.15 %
Fixed Rate Available
Mixed Rate Available
Variable Rate Available
Max. Mortgage Term
40 years
Max. Borrower's Age
75 years
Max. LTV
100.00 %
Mortgage Loan Features
purchase of own permanent home
purchase of land
purchase of second home
construction works
refurbishment works
leasehold housing
non-resident house purchase

Portugal: This product is offered to Portuguese residents only. When clicking on the product link you will be redirected to the product page in Portuguese.

See Also

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