Savings bonds

The government has approved several changes to government savings bonds or Certificados de Aforro. The most significant change approved by the Council of Ministers on Thursday, was the extension [...]

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 [...]

Demand for Portuguese savings bonds, known locally as ‘aforros’, fell for the seventh month on the trot according to data from the Bank of Portugal. Issues of bond certificates fell in May to [...]

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. [...]

Investors who hold securities, shares and bonds long term are to benefit from a tax exemption on a part of the capital gains that they make under a proposed government law. The government plans [...]

Portugal’s treasury and public debt agency IGCP is to issue €1.8Bn of savings bonds as part of its programme to raise finance for the State in the third quarter. The State has €1.8Bn of debt [...]

The Portuguese postal service and bank CTT made €24 million from savings and treasury bonds this year. Portugal’s private postal and banking service CTT has made over €144 million from the State [...]

The Portuguese Parliament’s Budget and Finance Committee has urgently called the secretary of State of Finances to account for the Government’s decision to end Series E Saving Bonds and introduce [...]

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. [...]

The Portuguese are increasingly ploughing their savings into Portuguese Republic bond certificates which netted €71.5 million a day in the last quarter of 2022, more than doubling the average [...]