Best Savings Accounts in Portugal
Investing in Savings Accounts is a key strategy for Portugal residents looking to protect their savings. Currently, the European Central Bank (ECB) maintains the €STR rate at a level that significantly impacts many fixed-income products across the eurozone.
With an annual inflation rate of approximately 2.4% in Portugal, finding yields that provide a positive real return after taxes of 28.0% is crucial for maintaining your long-term purchasing power.
Savings Accounts Yields in Portugal
| Type | Institution / Product | Gross Yield | After Tax | Real Yield | Status | Details |
|---|---|---|---|---|---|---|
| Savings Accounts | Bankinter Conta Ordenado (1st Year)PT | 4.94% | 3.55% | +1.15% | Beats Inflation | First year promo on €10k, salary transfer required |
| Savings Accounts | Banco BiG Super Depósito (3M)PT | 2.94% | 2.11% | -0.29% | Loses to Inflation | 3-month term, new clients, €5k-€50k |
| Savings Accounts | CGD Boas Vindas (6M)PT | 2.94% | 2.11% | -0.29% | Loses to Inflation | 6-month term, new money, €500 min |
| Savings Accounts | Banco CTT Conta Poupança LivrePT | 2.94% | 2.11% | -0.29% | Loses to Inflation | Up to €5k, requires salary ≥€800 or 3 direct debits, quarterly interest |
| Savings Accounts | BPG Start (3M)PT | 2.69% | 1.93% | -0.47% | Loses to Inflation | 3-month promo, €2.5k-€100k |
| Savings Accounts | Haitong Bank (3M - No Mobilization)PT | 2.54% | 1.83% | -0.57% | Loses to Inflation | 3-month term, €500 min, cannot withdraw early |
| Savings Accounts | BAI Europa Novos Clientes (3M)PT | 2.54% | 1.83% | -0.57% | Loses to Inflation | 3-month term, new clients, €2.5k-€100k |
| Savings Accounts | Banco CTT Novos Montantes (3M)PT | 2.54% | 1.83% | -0.57% | Loses to Inflation | 3-month term, new money, €5k min |
| Savings Accounts | Banco Carregosa Bem-Vindo (3M)PT | 2.44% | 1.75% | -0.65% | Loses to Inflation | 3-month promo, €25k-€100k |
| Savings Accounts | Banco BEST Novos Clientes (3M)PT | 2.44% | 1.75% | -0.65% | Loses to Inflation | 3-month promo, €500-€75k |
| Savings Accounts | Banco Atlântico Global Living (6M)PT | 2.44% | 1.75% | -0.65% | Loses to Inflation | 6-month term, €2.5k-€500k |
| Savings Accounts | BPG Solidário (12M)PT | 2.33% | 1.68% | -0.72% | Loses to Inflation | 12-month term, €5k-€250k |
| Savings Accounts | Finantia Growth (12M)PT | 2.33% | 1.68% | -0.72% | Loses to Inflation | 12-month, no mobilization, €50k-€500k |
| Savings Accounts | Openbank Novos Clientes (3M)PT | 2.23% | 1.61% | -0.79% | Loses to Inflation | New clients, 3-month term, €1 min |
| Savings Accounts | Klarna Fixed Savings (24M)PT | 2.17% | 1.56% | -0.84% | Loses to Inflation | 24-month term, €1-€100k, German fintech |
| Savings Accounts | Banco Santander 12M TermPT | 2.14% | 1.54% | -0.86% | Loses to Inflation | 12-month term deposit, €10k minimum |
| Savings Accounts | Trading 212 Flexible SavingsPT | 2.14% | 1.54% | -0.86% | Loses to Inflation | UK fintech, investor protection ~€20k, instant access |
| Savings Accounts | BNI Europa Premium (12M)PT | 2.04% | 1.47% | -0.93% | Loses to Inflation | 12-month term, €2.5k min, €2.50/mo if balance <€5k |
| Savings Accounts | Trade Republic Cash AccountPT | 1.96% | 1.41% | -0.99% | Loses to Inflation | Instant access, tracks ECB rate, up to €50k |
| Savings Accounts | ActivoBank New Clients Deposit (60D)PT | 1.94% | 1.39% | -1.01% | Loses to Inflation | 60-day term, €500-€100k, new clients only |
| Savings Accounts | N26 Savings AccountPT | 1.94% | 1.39% | -1.01% | Loses to Inflation | Metal plan only (€16.90/mo), instant access |
| Savings Accounts | N26 Metal SavingsPT | 1.94% | 1.39% | -1.01% | Loses to Inflation | Requires Metal plan (€16.90/mo), instant access, ECB-linked |
| Savings Accounts | Fidelidade Savings (Opção Seguro)PT | 1.94% | 1.39% | -1.01% | Loses to Inflation | 2.00% TANB (guaranteed 1st semester 2026). Capitalization insurance. Taxes reduce to 22.4% (5-8 years) and 11.2% (>8 years). |
| Savings Accounts | Lightyear Cash AccountPT | 1.84% | 1.33% | -1.07% | Loses to Inflation | Estonian broker, monthly interest, no limit |
| Savings Accounts | Revolut Savings VaultEU | 1.79% | 1.29% | -1.11% | Loses to Inflation | Premium/Metal plans, instant access, up to €100k |
| Savings Accounts | Openbank Cuenta NóminaPT | 1.74% | 1.25% | -1.15% | Loses to Inflation | Santander subsidiary, salary required, instant access |
| Savings Accounts | ActivoBank Special 90DPT | 1.44% | 1.03% | -1.37% | Loses to Inflation | 90-day term, €500 minimum, no maximum |
| Savings Accounts | ActivoBank Special 180DPT | 1.33% | 0.96% | -1.44% | Loses to Inflation | 180-day term, €500 minimum, no maximum |