The objective of the PPR is to grow and multiply your money and not for financial institutions to receive your money, to make money with it, with very high commissions, and giving you back some crumbs and even losses. Yes, there are Portuguese people who have PPR with guaranteed capital who received less than what they put in there (and it’s all legal). It’s scandalous.
Taking a PPR can be an excellent option, if you know how to choose it according to your objectives. This is where financial literacy comes in.
Listen to this episode and draw your own conclusions.
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How to save on vacation – Practical tips
Savings Accounts is a podcast by Pedro Andersson, a journalist specializing in Personal Finance, who takes advantage of his car trips to talk about money. Every Monday and Wednesday at 7am, a new ride to start your financial week off right. Available on all podcast applications and on the SIC Notícias and Expresso websites.