Best Deposits & Government Bonds in Portugal 2026 2026

Portugal offers attractive conservative investment options for European investors: from bank deposits accessible through Raisin to Obrigações do Tesouro (OTs), the sovereign bonds issued by IGCP (Agência de Gestão da Tesouraria). APYData compares the best available products in real time with updated data.

Products compared

3.08%

Best APY available

2.81%

Average APY

#	Entity	Product	APY	Score	Risk	Liquidity	View
1	IGCP — Agência de Gestão da Tesouraria (Portugal)	OT 10 años	3.08%	7.0	Low	Market hours	View →
2	BTG Pactual	BTG Pactual — Depósito 3 años (Raisin)	2.54%	5.7	Low	Locked	View →

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Frequently asked questions

Are deposits in Portugal guaranteed?

Yes. Deposits at Portuguese banks are covered by the Portuguese Deposit Guarantee Fund (FGD) up to €100,000 per depositor per institution — the same as in all EU countries under the DGSD Directive.

What are OTs (Obrigações do Tesouro)?

OTs are Portuguese government bonds issued by IGCP. They are the equivalent of Spanish government bonds. They are backed by the Portuguese Government and traded on European secondary markets.

How to access Portuguese bank deposits from abroad?

The easiest way is through platforms like Raisin, which provide access to deposits from European banks (including Portuguese ones) with 100% online onboarding and no need to travel to Portugal.