A discussion on Portuguese household financial habits notes that while the savings rate has recovered to 12.5%, roughly 44% of financial assets remain in bank deposits. Experts discuss barriers to investment diversification, including low financial literacy and a strong preference for capital-guaranteed products.
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An order published on 23 October raises the total issuance ceiling for Savings Certificates (Certificados de Aforro) and Treasury Certificates to 16 billion euros for 2026. To accommodate this, the government has reduced the emission limits for Treasury Bonds and Treasury Bills by 10.5 billion euros.
Data from the Banco de Portugal shows that in September 2026, savers subscribed to over 26 million euros per day in savings certificates (Certificados de Aforro). The total volume reached a historic high of 45.3 billion euros, continuing a growth trend that began in September 2024.
Total investment in savings certificates reached 45.391 billion euros at the end of September, marking the 24th consecutive monthly increase and a 16.3% year-on-year rise according to Bank of Portugal data. Meanwhile, investment in treasury certificates fell to 6.331 billion euros, down 24.3% from the previous year.