HomePoliticsBE denounces the end of the E-series Savings Certificates

BE denounces the end of the E-series Savings Certificates

“The government has made a choice, it has shown with this decision that it is the bank that rules in the country. We have a bank that earns ten million euros a day because it charges interest from people who pay mortgage loans and the government’s solution was to protect bank profits and leave people bitter and struggling,” he criticized.

On the sidelines of a demonstration in defense of the National Health Service, in Lisbon, Mariana Mortágua stressed that “banks do not pay interest on their deposits” and defended that the government should “force banks to pay”.

But, he criticized, the government “obeys the chairman of the board of directors of the CTT bank [João Moreira Rato] and suspend savings certificates, that was the only way people could have a little savings”.

“We want banks to be required to renegotiate interest rates. And for these costs to come out of their profits,” he said, also proposing that banks “be required to raise interest rates on deposits if they want to have savings.” of citizens.

The government announced on Friday the end of the sale of the E-series Savings Certificates and the creation of the new F-series, with a lower base rate.

At the end of April, the volume invested in CA reached EUR 30,324 million, a maximum value comparable to the EUR 19,626 million recorded at the end of last year. In May alone, private savers invested EUR 1,818 million in savings certificates.

Author: DN/Lusa

Source: DN

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