The remuneration for new fixed-term deposits increased in September for the eighth consecutive month, to 1.82%, against 1.63% in August, remaining below the euro area average, Banco de Portugal (BdP) announced today.
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02/11/2026
by
Lusa
A remuneration of new forward deposits increased in September for the eighth consecutive month, to 1.82%, against 1.63% in August, remaining below the euro area average, today the Banco de Portugal (BdP) released.
According to central bank data, with an increase of 0.19 percentage points between August and September, the average interest rate on new fixed-term deposits of private individuals reached the highest value since March 2025 (1.69%).
In view of the annual month of 2025, with an average rate of 1.34%, this figure rose by 0.48 percentage points.
On the other hand, the amount of new fixed-term deposits transactions of private individuals totaled 13,415 million euros in September, plus 688 million more than in August, reaching the second highest value of the series.
The remuneration for new fixed-term deposits declined consecutively from January 2024 (2.91%) to August 2025 (1.39%), with slight changes in the following months and rising consecutively since January.
In September, new deposits with a maturity of up to one year represented 95% of the total new deposits made by private individuals.
In the euro area, the average interest rate on new deposits increased by 0.19 percentage points to 2.37%, Portugal having maintained its position in all euro area countries with the sixth lowest average interest rate.
As for the average interest rate on new fixed-term corporate deposits, it was 2.24% in September, with a chain increase of 0.27 percentage points.
The amount of the new deposit transactions amounted to EUR 11,396 million, plus 2,157 million than in August, with forward deposits up to one year representing 99.6% of the new forward deposits of companies.