ZAP // IGCP
In March, the total subscriptions reached 36.481 billion, the value Higher since the beginning of the Banco de Portugal series in December 1998.
The Portuguese once again strengthened their savings on aforro certificates (CA), with a total investment of 726.3 million euros Only in March, according to the.
This amount represents an impressive average of Almost one million euros per hour (976 thousand euros), marking the biggest reinforcement since May 2023 and establishing a new historical record. According to data released on Tuesday by Banco de Portugal, the total accumulated subscriptions in this type of financial product in the state reached the 36.481 billion euros-the higher value since the beginning of the series Statistics in December 1998.
The strong growth in the demand for aforro certificates has been consistently at the time since October 2023, when the government has doubled the maximum subscription amount by aphorrator, from 50,000 to 100,000 euros. This measure seems to have had a direct impact on investors’ confidence and interest, contributing to this upward trend.
Although the maximum interest rate of 2.5% has ceased to be applied due to the departure of Euribor for three months – which is now in 2.41% – aforro certificates continue to offer more attractive profitability than traditional bank deposits, maintaining the interest of the aforers.
This increase contrasts with the retreat recorded in the Treasury certificates, which saw its total volume eurosfor 9.291 billion. This is the lowest value since April 2016, showing a clear preference of investors for the certificates of aforro, to the detriment of the Treasury.
In total, the two public debt instruments – which allow families to lend money to the state in exchange for interest – now represent a global investment of 45.772 billion euros. The combined balance between the rise in the CA and the crash in the Treasury certificates resulted in a monthly net gain of 572.75 million euros.
