# What Are the Best Savings Accounts & Deposits in Portugal? (2026) > Best Portuguese savings accounts, term deposits, and interest rates. Compare TANB, TAEG, and FGD deposit protection. By Jules de Bruin · URL: https://www.how-to-portugal.com/finance/savings-accounts Updated August 2026. Savings accounts and term deposits in Portugal quote TANB or TAEG interest. Top rates come from Trade Republic, Banco CTT, and RaboDirect, but rates change frequently. Deposits are protected up to EUR 100,000 per person per bank under the FGD. ## Best Savings Accounts & Deposits Top savings and deposit products from the August 2026 catalogue, ranked by interest rate and FGD coverage. Bankinter ### Conta Bankinter Online (remunerada) 4.32,5% gross on daily balances, paid monthly - No minimum amount and no salary deposit required - Full liquidity: an interest-bearing current account - After the campaign the rate falls to **1%** gross [Open account](https://www.bankinter.pt/poupar-investir-no-bankinter/poupar)Interest rate2,5% grossMinimum depositNoneDeposit protectionEUR 100 000 guaranteePayoutNo vencimento / mensalIRS withholdingWithheld automaticallyMore detailsNotice period0 daysPrices as of August 2026, verify on the provider site. Best for Savers who want a rate without switching their main bank Bankinter ### Depósito Net Boas Vindas Bankinter 4.23% gross at 6 months for new customers - **2,5%** gross on the 12-month option - Tax withheld automatically at **28%** - New customers only (90 days from opening) [Open account](https://www.bankinter.pt/poupar-investir-no-bankinter/poupar)Interest rate3% gross, first 6 monthsMinimum depositEUR 5000Deposit protectionEUR 100 000 guaranteePayoutNo vencimento / mensalIRS withholdingWithheld automaticallyMore detailsNotice period0 daysPrices as of August 2026, verify on the provider site. Best for Rate-first savers happy to meet the conditions Banco CTT ### Conta Poupança Livre Banco CTT 4.03% gross up to 5.000 EUR with simple conditions - No term: withdraw freely - IRS retido automaticamente - Requires a salary of 800 EUR or more, or 3 active direct debits [Open account](https://www.bancoctt.pt/particulares/poupanca)Interest rate3% grossMinimum depositNoneDeposit protectionEUR 100 000 guaranteePayoutmonthlyIRS withholdingWithheld automaticallyMore detailsNotice period0 daysPrices as of August 2026, verify on the provider site. Best for Savers who want a rate without switching their main bank Trade Republic ### Conta Remunerada Trade Republic 4.63% gross for new customers up to 50.000 EUR - A Portuguese PT50 IBAN since July 2026 - Tax withheld automatically at source (**28%**) - Clientes existentes ficam a **2,25%** TANB [Open account](https://traderepublic.com/pt-pt)Interest rate3% gross, first 12 monthsMinimum depositNoneDeposit protectionEUR 100 000 guaranteePayoutmonthly (daily accrual)IRS withholdingWithheld automaticallyMore detailsNotice period0 daysPrices as of August 2026, verify on the provider site. Best for Savers who want a rate without switching their main bank Revolut ### Cofres Poupança Revolut (conta PT) 4.2Interest paid daily, no term - A Portuguese IBAN with the PT account - No minimum amount - The Standard plan yields only **1,50%** [Open account](https://www.revolut.com/pt-PT/)Pay withInterest rate1,5% grossMinimum depositEUR 0,01Deposit protectionEUR 100 000 guaranteePayoutdailyIRS withholdingWithheld automaticallyMore detailsNotice period0 daysPrices as of August 2026, verify on the provider site. Best for Savers who want a rate without switching their main bank Banco ActivoBank ### Depósito a Prazo Novos Clientes ActivoBank 3.6Only for accounts opened within the last 90 days - Full or partial early withdrawal - A free current account attached - Early withdrawal loses **100%** of the interest [Open account](https://www.activobank.pt/pt)Interest raten/aMinimum depositEUR 500Deposit protectionEUR 100 000 guaranteePayoutNo vencimento / mensalIRS withholdingWithheld automaticallyMore detailsNotice period0 daysPrices as of August 2026, verify on the provider site. Best for Existing customers parking cash they may need back Open Bank ### Poupança Boas-vindas Openbank 4.02,50% for the first 6 months up to 500.000 EUR - Withdraw freely at any time - No minimum amount - NO withholding at source: you must declare it on Anexo J of your tax return [Open account](https://www.openbank.pt/)Interest rate2,5% gross, first 6 monthsMinimum depositEUR 1Deposit protectionEUR 100 000 guaranteePayoutmonthlyIRS withholdingSelf-declared (Anexo J)More detailsNotice period0 daysPrices as of August 2026, verify on the provider site. Best for Savers who want a rate without switching their main bank ## How Do Savings Accounts Work? Savings accounts offer instant access with variable rates. Term deposits lock your money for a fixed period in exchange for a higher rate. Interest may be subject to withholding tax. ## What Is FGD Protection? FGD is the Portuguese deposit guarantee fund. It protects deposits up to EUR 100,000 per depositor per institution, including principal and accrued interest. ## Related Guides [### Commercial Banks Where to save.](/finance/commercial-banks)[### Open Bank Account Account opening.](/finance/open-bank-account)[### Fintech Apps Savings apps.](/finance/fintech-apps)[### Crypto Exchanges Alternative assets.](/finance/crypto-exchanges) ## Frequently Asked Questions ### Which bank has the best savings rate? Rates change often. In August 2026, Trade Republic, Banco CTT, and RaboDirect were among the highest-yielding options. ### Are savings accounts taxable? Interest is generally subject to withholding tax in Portugal. Consult a tax adviser for your personal situation. ### Is my money safe in a Portuguese savings account? Yes, up to EUR 100,000 per person per bank under FGD protection. --- Source: https://www.how-to-portugal.com/finance/savings-accounts Last updated: n/a Format: LLM-readable Markdown twin (.md) of the canonical HTML page.