Savings

The impact that Portugal’s low pensions would have on the economy could undermine the country’s financial stability. This was the warning from the President of Portugal’s securities commission, [...]

Eighty percent of Portuguese ISAs or PPRs as they are called in Portugal, bring their beneficiaries next to nothing once charges have been levied. The average annual return on PPRs over the past [...]

Interest in private retirement ISA plans (PPRs) in Portugal has fallen drastically in Portugal by as much as 53% after years of being one off the most popular ways to create a retirement nest [...]

Portuguese families have never had so much money in deposit accounts – €189Bn in June this year. Deposits increased by €2.3Bn in June, up 7.2% like-for-like on the previous month and the [...]

Measures proposed by the government to encourage long-term savings have been welcomed by analysts but they say it needs to create a fairer and more competitive tax system regarding investments. [...]

Recent months have seen a rush on the part of the Portuguese public to buy national savings bonds — known as aforros — because hey offered higher interest rates on savings than Portugal’s banks. [...]

Small investors in Portugal’s national savings bonds certificates are enjoying 3% interest thanks to higher interest rates. Within the space of one year interest on savings bonds has increased [...]

The amount of family savings in Portugal hit a record in July reaching almost €170Bn. Month after month the amount deposited in banks has increased and according to statistics released from the [...]

The lockdowns imposed by the government and fears over jobs and the future of the economy have led families in Portugal to save considerably more in 2020 than they did in 2019. This is according [...]