BPI already pays over 2% on deposits
The bank led by João Pedro Oliveira e Costa has boosted its deposit bonus offer in the past two weeks and even offered 2.5% in the third year of a non-callable deposit of the same duration.
BPI is already rewarding time deposits. Since last Wednesday, the bank has raised interest rates on funds deposited in the bank, after the supply increased on Monday. The bank led by Joao Pedro Oliveira y Costa thus joins Santander, Montebio, Caixa Geral de Depositos (CGD) and Novo Banco, which announced interest rate hikes last week.
BPI has the “BPI Depósito Extra” deposit available since February 15, with maturities of 180 and 360 days and TANB of 0.5% and 1%, respectively. The amount ranges from 250 euros to 40 thousand euros.
In Monday’s update, the financial institution raised the “non-fillable deposit” bonus with maturities of one, two and three years, which works by increasing TANB by 1.5% in the first year, 1.75% in the second year and 2% in the third year. In the case of a three-year refundable deposit, the interest paid in the third year can be as high as 2.5%.
The bank, which until recently was the only one that did not pay deposits, thus joins other institutions that offer attractive interest rates. As of the top five banks, only the BCP still does not offer bonuses close to 2%.
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Emily Brontë is a journalist and feature writer specialising in culture, entertainment, literature, and current affairs. She is dedicated to producing clear, accurate reporting that helps readers stay informed about developments in the UK and around the world.
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