Total bank deposits break €200Bn mark for the first time ever

Portugal’s banks have never been so awash with money from savings in deposit accounts as they are now.

The amount of money plowed into savings accounts increased 4.5% in 2025 to €8.3Bn for the year.

And the total stock of bank deposits of Portuguese families exceeded the €200Bn mark for the first time ever by the end of 2025 – up €8.3Bn on the end of 2024 according to the Bank of Portugal.

It is a new record that confirms the relevance of deposit accounts as the preferred way of saving despite the gradual fall of interest rates over the past year.

“Although the stock had grown, private deposits increased less than in 2024, with an annual variation rate of 4.5%. In 2024, the annual rate of change had increased, reaching 7.3%,” the Bank of Portugal said in a statement, although in year-on-year terms, the stock of deposits from individuals increased by 9.6% in December, the largest year-on-year increase since April 2008.

“By type, demand liabilities increased by €6Bn to €86.2Bn, and term deposits (which include deposits with agreed maturity and deposits redeemable at notice) rose by €2.3Bn to €114.8Bn,” details the Bank of Portugal.

But it was not only families looking to plough their savings in deposit accounts. According to data from the Bank of Portugal, the stock of company deposits totalled €75.7Bn at the end of last year, up €6.2Bn at the end of 2024.

This development represented an annual variation rate of 9.2%, above the 7.9% posted in 2024.

The combined deposit stock (households and companies) stood art around €276Bn in December, with the year marked by the solid growth of family savings and a more expressive dynamic from companies.

SOURCE: ECO

Image: Freepik