The interest rate on new term deposits rises in September but remains below the European average

In September, the interest rate for new term deposits in Portugal rose to 1.82%, marking the eighth consecutive increase, but remains below the eurozone average of 2.37%. The average rate for new deposits has increased from 1.34% in September 2025. New term deposits from individuals totaled €13.415 billion, up by €688 million from August, while corporate deposits reached €11.396 billion, an increase of €2.157 billion. The average interest rate for corporate deposits also rose to 2.24%.