By Andrea Hargraves 
Abanca Portugal will pay a premium to clients when they open a portfolio management service (GDC) or position strengthening service. A total premium of 2% will be paid for amounts invested in new contracts, or portfolio enhancement amounts.
In this new campaign, there are no maximum investment limits, with a loyalty period of only 30 months from the moment the contract is formalized (in the case of new contracts) or from the date of strengthening the existing contract.
The minimum amount for new contracts is EUR 50,000 for Alpha wallets and EUR 3,000 for ABANCA 360 wallets. Regarding enhancements, the minimum amounts will be EUR 5,000 for Alpha wallets and EUR 1,000 for ABANCA 360 wallets.
In the event of partial or total redemption of the wallet before the loyalty period (30 months), the current account will be debited with the net amount of the installment paid in proportion to the days remaining to complete the fulfillment period.
“Portfolio management is a service in which a team of Abanca specialists makes the investment decision for each portfolio, monitors the markets and portfolios and makes the necessary decisions to achieve the highest possible return according to the client’s risk profile and with a focus on sustainable investment,” highlights Hugo Gerald Freitas, Head of Investment Products at Abanca Portugal.
The person in charge also points out that “with this new campaign, in addition to this specialized monitoring and management, Abanca Portugal offers customers a 2% premium, in the context of high interest rates and high inflation.”