13.9.2023

Portugal Deposit Market Overview: September 2023

5 min read

Gain valuable insights into Portugal's dynamic deposit market. Discover the latest interest rate trends, explore top deals, and access a comprehensive catalog of financial products offered by leading banks. Stay informed, make savvy financial decisions, and maximize your investment potential with our platform.

At PickTheBank, we meticulously monitor interest rates across Europe, keeping a vigilant eye on their ever-changing landscape. Over the past year, we've witnessed a notable surge in interest rates within the banking sector, a phenomenon closely intertwined with the escalation of inflation. Our mission is to diligently track these market shifts and illuminate the most captivating interest rate offerings available.

Today, we shift our attention to Portugal's interest rate landscape. According to official data recently released by the ECB, the average annual deposit interest rate in Portugal stood at 1.66% in the previous month, showing an increase from the 1.58% recorded in the month prior.

We now turn our attention to the highlight of our analysis: long-term euro deposits in Portugal. Here, we observe a notable rise to 4.20%, representing an increase from the 3.80% rate just a month ago. To compile this comprehensive review, we meticulously examined the online platforms of 17 Portuguese banks, all of which offer a variety of fixed-term deposit interest rates. As a result, our Portugal deposit database expanding to include an array of 400 different financial products.

It's crucial to recognize that PickTheBank's expansive database encompasses deposit rates from over 1,000 banks spanning 25 European countries, collectively comprising a vast array of more than 20,000 financial products. For detailed and up-to-date information about deposit rates in Portugal, we invite you to explore our dedicated platform. Below are the best offers available at the moment:

🔥Top-5 12-month ordinary EUR deposit rates:

Interest rate	Bank	Currency	Term
4.10%	Haitong Bank	EUR	12 mths	More ->
3.80%	Banco BAI Europa, SA	EUR	12 mths	More ->
3.50%	Banco Português de Gestão, SA	EUR	12 mths	More ->
3.50%	Banco BAI Europa, SA	EUR	12 mths	More ->
3.25%	BANCO ATLÂNTICO EUROPA, SA	EUR	12 mths	More ->

🔥Top-5 24-month ordinary EUR deposit rates:

Interest rate	Bank	Currency	Term
4.20%	Haitong Bank	EUR	24 mths	More ->
3.80%	Banco BAI Europa, SA	EUR	24 mths	More ->
3.30%	Banco Finantia, SA	EUR	24 mths	More ->
3.25%	BNI - BANCO DE NEGÓCIOS INTERNACIONAL (EUROPA), SA	EUR	24 mths	More ->
3.25%	Banco Finantia, SA	EUR	24 mths	More ->

🔥Top-5 36-month ordinary EUR deposit rates:

Interest rate	Bank	Currency	Term
3.30%	BNI - BANCO DE NEGÓCIOS INTERNACIONAL (EUROPA), SA	EUR	36 mths	More ->
3.25%	BNI - BANCO DE NEGÓCIOS INTERNACIONAL (EUROPA), SA	EUR	36 mths	More ->
2.50%	Banco Invest, SA	EUR	36 mths	More ->
2.50%	Banco BAI Europa, SA	EUR	36 mths	More ->
2.30%	Banco de Investimento Global, SA	EUR	36 mths	More ->

🔥Top EUR deposit rates – any term:

Interest rate	Bank	Currency	Term
4.20%	Haitong Bank	EUR	24 mths	More ->
4.10%	Haitong Bank	EUR	12 mths	More ->
4.00%	Banco BAI Europa, SA	EUR	6 mths	More ->
4.00%	Banco de Investimento Global, SA	EUR	6 mths	More ->
3.83%	Haitong Bank	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, please bear in mind that the interest rates mentioned are presented pre-taxation and may not account for variations in interest payment frequencies. To ensure that you make the most informed decision, we strongly advise confirming the latest interest rates and terms with the respective bank.

For the convenience of comparing all available deposit options in a single, user-friendly interface, please follow this link to visit PickTheBank.eu. Trust us to be your reliable guide in navigating the complex world of deposit rates.