Portugal is “one of the worst countries” to invest in time deposits
ONEalthough time deposit rates have started to rise in recent months, they remain very low, which makes Portugal one of the worst countries to invest in this banking product, according to an analysis by ComparaJá.pt released this Wednesday. fair fair.
“Despite the fact that banks have increased the rates on term deposits and that the Portuguese are increasingly looking for this solution, Portugal continues to be one of the worst countries to invest in time deposits“, consult the platform for comparing credit and telecommunications products in a statement sent to the News by the Minute🇧🇷
Citing data from the European Central Bank (ECB), ComparaJá says that “Portugal has one of the lowest rates in Europe with regard to investment in term depositsahead of Slovenia, Ireland, Greece and Cyprus”.
“I mean that, when compared to other European countries, the Portuguese currently find it very difficult to consider the term deposit option as a valid solution for their savings“, concludes the platform.
The analysis reveals, however, that “much because of the survival that has been experienced in recent times and the forecasts of economic recession that have been transmitted, the demand for this financial product has increased exponentially in recent months🇧🇷
Cited in the same statement, André Pedro, director of ComparaJá, explains that this could be an “important time” to invest in time deposits given that “savings tools will be increasingly a priority for both people and institutions” .
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