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.