22.12.2023
Portugal Deposit Market Overview: Desember 2023
5 min read
Dive into the December installment of our in-depth analysis of deposit rates in Portugal. Discover the freshest trends and essential insights to navigate the ever-changing realm of deposit opportunities in the Portuguese financial landscape.
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In the fast-paced realm of banking and finance, PickTheBank remains at the forefront, meticulously tracking the fluctuations in interest rates across Europe.
Today, our focus shifts to Portugal, unveiling the nuances of its interest rate landscape. Recent data from the European Central Bank (ECB) reveals that the average annual deposit interest rate in Portugal experienced a notable increase, reaching 2.95% in the past month, compared to the 2.31% recorded the month prior.
A highlight in our analysis is the exploration of fixed-term euro deposits in Portugal. Here, we witness a substantial rise to 4.25%. To compile this comprehensive review, we meticulously scrutinized the online platforms of 17 Portuguese banks, each presenting a diverse range of fixed-term deposit interest rates. As a result, our Portugal deposit database has expanded to include an impressive array of 410 different financial products.
It's paramount to recognize that PickTheBank's expansive database covers deposit rates from over 1,000 banks across 25 European countries, encompassing a vast array of more than 20,000 financial products.
For those seeking detailed and up-to-date information on deposit rates in Portugal, we invite you to explore our dedicated top offers:
🔥Top-5 12-month ordinary EUR deposit rates:
| Interest rate | Bank | Currency | Term | |
|---|---|---|---|---|
| 4.00% | BNI - BANCO DE NEGÓCIOS INTERNACIONAL (EUROPA), SA | EUR | 12 mths | More ->More -> |
| 3.95% | BNI - BANCO DE NEGÓCIOS INTERNACIONAL (EUROPA), SA | EUR | 12 mths | More -> |
| 3.80% | Banco BAI Europa, SA | EUR | 12 mths | More -> |
| 3.75% | Banco ActivoBank, SA | EUR | 12 mths | More -> |
| 3.75% | BANCO ATLÂNTICO EUROPA, SA | EUR | 12 mths | More -> |
🔥Top-5 24-month ordinary EUR deposit rates:
| Interest rate | Bank | Currency | Term | |
|---|---|---|---|---|
| 3.80% | Banco BAI Europa, SA | EUR | 24 mths | More -> |
| 3.75% | BNI - BANCO DE NEGÓCIOS INTERNACIONAL (EUROPA), SA | EUR | 24 mths | More -> |
| 3.70% | BNI - BANCO DE NEGÓCIOS INTERNACIONAL (EUROPA), SA | EUR | 24 mths | More -> |
| 3.50% | Banco Finantia, SA | EUR | 24 mths | More -> |
| 3.30% | Banco Finantia, SA | EUR | 24 mths | More -> |
🔥Top-5 36-month ordinary EUR deposit rates:
| Interest rate | Bank | Currency | Term | |
|---|---|---|---|---|
| 3.70% | BNI - BANCO DE NEGÓCIOS INTERNACIONAL (EUROPA), SA | EUR | 36 mths | More -> |
| 3.75% | BNI - BANCO DE NEGÓCIOS INTERNACIONAL (EUROPA), SA | EUR | 36 mths | More -> |
| 3.10% | Banco BAI Europa, SA | EUR | 36 mths | More -> |
| 2.85% | Banco de Investimento Global, SA | EUR | 36 mths | More -> |
| 2.75% | Banco Montepio Investimento, SA | EUR | 36 mths | More -> |
🔥Top EUR deposit rates – any term:
| Interest rate | Bank | Currency | Term | |
|---|---|---|---|---|
| 4.25% | Banco de Investimento Global, SA | EUR | 3 mths | More ->More -> |
| 4.00% | Banco de Investimento Global, SA | EUR | 6 mths | More -> |
| 4.00% | Banco BAI Europa, SA | EUR | 6 mths | More -> |
| 4.00% | BEST - Banco Electrónico de Serviço Total, SA | EUR | 6 mths | More -> |
| 4.00% | BNI - BANCO DE NEGÓCIOS INTERNACIONAL (EUROPA), SA | EUR | 6 mths | More -> |
🔥Top USD deposit rates – any term:
| Interest rate | Bank | Currency | Term | |
|---|---|---|---|---|
| 5.00% | Banco de Investimento Global, SA | USD | 3 mths | More -> |
| 4.63% | Banco Finantia, SA | USD | 12 mths | More -> |
| 4.60% | BNI - BANCO DE NEGÓCIOS INTERNACIONAL (EUROPA), SA | USD | 24 mths | More -> |
| 4.50% | Banco de Investimento Global, SA | USD | 3 mths | More -> |
| 4.50% | Banco Finantia, SA | USD | 6 mths | More -> |
As a precautionary note, it's essential to bear in mind that the mentioned interest rates are presented pre-taxation and may not account for variations in interest payment frequencies. To ensure your decisions are well-informed, we strongly advise confirming the latest interest rates and terms directly with the respective banks.
For the convenience of comparing all available deposit options in a single, user-friendly interface, visit PickTheBank.eu. - with us is at your fingertips the most up-to-date information.
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