Certificados do Tesouro
Published 4 November 2026, 00:38
Certificados do Tesouro (Treasury certificates)
The state's other savings product, alongside aforro certificates. Since 6 July 2026 "Series 5" has been on sale: a ten-year term with a fixed rate known in advance, from 2.35% in the first year rising to 3.35% in the tenth — 2.710% on average before tax and 1.951% after. Interest is paid once a year into a bank account, net of tax. The minimum is €1,000 and the maximum €1 million per person.
Where you come across it. CTT post offices, Espaços Cidadão, Banco de Investimento Global and AforroNet — the same places as aforro certificates.
The money cannot be touched in the first year, and cashing in on any date other than an interest date means losing the interest for the current year. Earlier series are closed: CTPV has not been sold since 6 July 2026 and CTPC since September 2021, so advice to "go for CTPV" is out of date.
Official website: igcp.pt