Mutualist savings
The future of Members.
Discover the solutions available at the Montepio Associação Mutualista, which help to fulfill dreams and objectives by paving the way for the future and guaranteeing the present.
180 years of security.
The experience of over 180 years of protecting and monetising the contributions and savings of more than 600 thousand members, makes the Montepio Associação Mutualista a symbol in the area of Savings in Portugal and a reference in the mutualist sector and the Social Economy. All capital, pensions or rent payable by the Association are guaranteed by its assets and heritage.
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The Montepio Associação Mutualista is a majority stakeholder of Banco Montepio, holding almost all of its share capital. Mutualist products are types of social security benefits for individuals. They are not bank deposits, insurance, retirement plans, investment funds or financial instruments, and are not covered by the Deposit Guarantee Fund, the Investor Compensation System, or by any other public or state guarantee or protection system. Only the Association's assets cover the liabilities undertaken. Subscription to the Mutualist products can be made at Banco Montepio branches or through the Association's digital channels - montepio.org or mymontepio.org - with Banco Montepio acting as a distributor. Banco Montepio and Montepio Associação Mutualista are independent entities, with a different nature and legal regime, namely Banco Montepio is a credit institution, while the Montepio Associação Mutualista is a private social solidarity institution, regulated by its own diploma (Decree Law no. 72/90, of March 3) and other applicable legislation. It is not a credit institution, an insurance company or an investment/pension fund management company.