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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 rateBankCurrencyTerm 
4.10%Haitong BankEUR12 mthsMore ->
3.80%Banco BAI Europa, SAEUR12 mthsMore ->
3.50%Banco Português de Gestão, SAEUR12 mthsMore ->
3.50%Banco BAI Europa, SAEUR12 mthsMore ->
3.25%BANCO ATLÂNTICO EUROPA, SAEUR12 mthsMore ->

 

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

Interest rateBankCurrencyTerm 
4.20%Haitong BankEUR24 mthsMore ->
3.80%Banco BAI Europa, SAEUR24 mthsMore ->
3.30%Banco Finantia, SAEUR24 mthsMore ->
3.25%BNI - BANCO DE NEGÓCIOS INTERNACIONAL (EUROPA), SAEUR24 mthsMore ->
3.25%Banco Finantia, SAEUR24 mthsMore ->

 

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

Interest rateBankCurrencyTerm 
3.30%BNI - BANCO DE NEGÓCIOS INTERNACIONAL (EUROPA), SAEUR36 mthsMore ->
3.25%BNI - BANCO DE NEGÓCIOS INTERNACIONAL (EUROPA), SAEUR36 mthsMore ->
2.50%Banco Invest, SAEUR36 mthsMore ->
2.50%Banco BAI Europa, SAEUR36 mthsMore ->
2.30%Banco de Investimento Global, SAEUR36 mthsMore ->

 

🔥Top EUR deposit rates – any term:

Interest rateBankCurrencyTerm 
4.20%Haitong BankEUR24 mthsMore ->
4.10%Haitong BankEUR12 mthsMore ->
4.00%Banco BAI Europa, SAEUR6 mthsMore ->
4.00%Banco de Investimento Global, SAEUR6 mthsMore ->
3.83%Haitong BankEUR6 mthsMore ->

 

🔥Top USD deposit rates – any term:

Interest rateBankCurrencyTerm 
5.00%Banco de Investimento Global, SAUSD3 mthsMore ->
4.63%Banco Finantia, SAUSD12 mthsMore ->
4.60%BNI - BANCO DE NEGÓCIOS INTERNACIONAL (EUROPA), SAUSD24 mthsMore ->
4.50%Banco de Investimento Global, SAUSD3 mthsMore ->
4.50%Banco Finantia, SAUSD6 mthsMore ->

 

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.

Top deposits available online

Available online
Protected up to €100k
bankImage

Anadi Bank AG

Austria

3.10%

3mths,

Available online
Protected up to €100k
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Klarna Bank AB, German Branch

Germany

3.10%

3mths,

Available online
Protected up to €100k
bankImage

Anadi Bank AG

Austria

3.10%

6mths,

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