Economy

Interest rates on new term deposits rose in September but remain below the European average

The average interest rate for new retail term deposits reached 1.82% in September, up from 1.63% in August. This is the eighth consecutive monthly increase, marking the highest rate since March 2025, though it remains below the Eurozone average of 2.37%.

Why it matters

If you are holding savings in term deposits, you may see a slight increase in returns, though Portuguese bank rates remain among the lowest in the Eurozone.

Diário de Notícias· 1w agoRead original ↗

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Correio da Manhã· 1mo agoRead original ↗

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CNN Portugal· 1mo agoRead original ↗

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