Savings accounts are deposits accounts which allow to withdraw money at any time. While offering more flexibility, savings accounts usually provide less interest rates than term deposit accounts.
Portugal's Moodys country ceiling (the highest rating that can be assigned) for deposits in local currency is set to A1 (upper medium grade).
The table below shows essential details of selected savings accounts products offered to retail customers by the banks in Portugal: interest rate per annum and deposit term.The savings accounts terms vary from 1 month to 1 years (12 months).The interest rates are within the range 0.70 - 3.60 %.The interest rates provided in the table do not take into account withholding tax levied on interest income in Portugal.
Savings accounts made with credit institutions in Portugal are covered by deposit guarantee scheme up to 100 000 EUR per depositor.
|Bank||Product||Interest Rate (p.a.)||Deposit Term (months)||Product Link|
|PSA Banque||Livret Distingo [FR]||3.60 %||1||View Product|
|PSA Banque||Livret Distingo [FR]||3.60 %||3||View Product|
|PSA Banque||Livret Distingo [FR]||0.70 %||6||View Product|
|PSA Banque||Livret Distingo [FR]||0.93 %||9||View Product|
|PSA Banque||Livret Distingo [FR]||1.05 %||12||View Product|
[FR] This product is offered to French residents only. When clicking on the product link you will be redirected to the product page in French.