The Euribor Has Overtaken the 2.5 Percent Ceiling Written Into Portugal's Savings Certificates, So September Is Where Savers Stop Sharing the Rise
The base rate on Série F cannot exceed 2.50 percent, and the three-month Euribor has not closed below that since 17 August. August paid 2.474. September stops at the cap, the first time since March 2025. Borrowers keep paying the rise; savers do not.