Saving bonds interest falls to 2%

Interest on Portuguese government savings bonds will be down in March at 2.01%.

It will be the third consecutive fall in interest on bonds in a many months, but nevertheless, families are still attracted to State bonds and demand has remained strong.

Set on a monthly basis two days before the end of each month and remains in force for the following month.

The base rate ofd these “granny bonds” or “aforros” as they are termed in Portugal is set according to a formula dictated by the Euribor three-month average 10 working days before (and may not be over 2.5% or less than 0%).

On the market since June 2023, this line yielded its maximum value in March 2025, but with the easing of the index, it went on to go down.

In August of last year, it even fell below 2%, and has since fluctuated around this level. In addition to the base rate, there are also loyalty bonuses: 0.25% from the second to the fifth year, 0.5% between the sixth and ninth year, 1% in the 10th and 11th years, 1.5% in the following two years, or 1.75% in the last two years of the term.

SOURCE: Negócios; Credits: CTT