Portugal among Eurozone countries with lowest returns on new term deposits

Data from the Bank of Portugal (BdP) shows that in August, the average interest rate on new term deposits in Portugal was 1.63%, significantly lower than the Eurozone average of 2.18%. Portugal also underperforms the Eurozone average for interest rates on all types of deposits, including notice accounts and demand deposits, while holding the highest proportion of savings in term deposits within the Eurozone.