Setting up a term deposit account is a good measure to boost your income, so finding out about CGD's 15-month option may be in your interest!

This account works like a savings account and offers two types of income depending on the type of account you have at the bank! In fact, this is a very attractive rate on the market.

However, this deposit account also has some disadvantages depending on your objective! Therefore, you must carefully study your plans, interests and financial possibilities to choose the best investment!

So, let's find out more information about this account so you can decide if it's ideal for you?

Firstly, this is an account model suitable for individuals, such as businesspeople who already have a current account at Caixa Geral de Depósitos bank! However, you can open your current account at any time!

Furthermore, are we going to know some characteristics of this account? Its main difference is the 15-month investment period.

In other words, this is a recommended savings account for those who can leave their money aside for this period. In other words, if you are looking for emergency savings, this may not be the best option!

The remuneration of the 15-month Term Deposit from CGD bank is 0.10% from TANB! However, if you are a member of the Caixa Azul Account or Caixa Platinum Account, you can enjoy a preferential remuneration of 1.25% from TANB!

So, this is a great income option, especially if you are a preferred customer! Furthermore, on the due date the payment of the amount invested plus interest is deposited into your account!

Well, one advantage of the CGD bank term deposit is that there is no maximum amount to set up your savings account! This way, you can boost your income!

Another fundamental advantage is the fact that the income for Caixa Azul or Caixa Platinum customers is very high for the market!

The main disadvantage is that this savings does not allow for reinforcements, renewals or early mobilization. Therefore, your money is completely unreachable during that period.

Also, the 15-month period might be a little too long for you! Therefore, it is important that before opting for this term account, you study your financial conditions and possibilities!

Another point is that the minimum value for creating this savings is high, it needs to be 100 thousand euros! In other words, you need to have a large amount at your disposal for that CGD term deposit account!

The 15-month Term Deposit provided by CGD is a great option if you have the necessary amount to start investing! So, if this is your situation, how about finding out how to start forming?

The process is quite simple. You can start either through the website or through the bank's application on your cell phone. Furthermore, remember that you must already have a current account at Caixa Geral de Depósitos!

Therefore, if you have any doubts about how to start forming or how to open an account, check out more details in our step-by-step guide tailored to answer your questions! So, access the link below and check it out!