Meet The Law - Banking & Finance
Super Deposits - Alert no. 7/2011 and no. 8/2011 from the Bank of Portugal
With alerts no. 7/2011 from the 25th of October ("Aviso n.º 7/2011") and 8/2011 of 25th of October ("Aviso n.º 8/2011") the Bank of Portugal introduced rules that penalize the banks' own capital when they offer the so-called "super deposits" – i.e. deposits considered to have a high interest rate.
Please check the PDF for more detailed information (Portuguese version only).