If you still don't know what a Premium Increasing Term Deposit is, don't worry, as we'll explain all the details. This is a plan that works as a type of savings.

So, leave your money to pay off over time with advantageous rates that are higher than most accounts at other banks in the country! You can check out all the details by accessing the official page below.

Furthermore, membership of Santander's Term deposit is limited to just one deposit per each bank's current account!

Therefore, if you want to know more information about what it is, how it works and how to join the Premium Increasing Term Deposit, read the text below. Open your account as soon as possible!

The Premium Crescent Term Deposit is a type of savings and investment available at Banco Santander. You can make this deposit with some conditions. For example, you must have a Santander Gold credit card.

Furthermore, if you are looking for a guaranteed deposit and want an interest rate, this is the right transaction for you! Therefore, the investment period is two years, with quarterly renewals.

In fact, every quarter of the first two years, the interest amount will increase. Therefore, in the first quarter, it is possible to receive only 0.10% from TANB. Finally, it is possible to reach up to 1.5% in interest on TANB!

The maximum amount to deposit is 50 thousand euros and the minimum is 30 thousand euros! So, pay attention to the amount you can make available for this term deposit. Remember to keep your Gold Credit Card active.

One of the main advantages of Santander's Premium Increasing Term Deposit is the value of the interest income, especially in recent quarters. However, one of the most obvious disadvantages is the limitation of the amount.

Furthermore, another disadvantage is the fact that it is not possible to carry out periodic reinforcements. The same amount must remain in the Deposit until the end of the period of 24 months or 8 quarters.

Despite this, another advantage is that early mobilization is allowed. Therefore, you can withdraw a partial or full amount of the Premium Increasing Term Deposit before the deadline. However, there will be a penalty for unpaid interest.

Therefore, it is important to pay attention to when you will need to mobilize, as you can calculate when you will lose less money from the financial return on interest.

Firstly, it is important to remember that only those who have the Santander Gold Credit Card can make this Premium Term Deposit.

But you can also check out our exclusive step-by-step guide and discover all the necessary actions so that you can join the Increasing Term Deposit! Enjoy and check out everything on the official website below.

Firstly, if you are not yet a Santander customer, go to the Santander bank website, access the white button in the top right corner “open account”. Then follow the prompts to open your account!

You will need to provide some data, such as name, cell phone, email. In addition, you should separate some identification and supporting documents. You will then need to make a video call to confirm your identity.

Furthermore, sign the contract digitally, without having to go to the bank and that's it! You've already opened your account!

Therefore, to join the Premium Crescent Term Deposit, you must go to the bank's website and select the “savings” option in the “products” menu on the top tab!

Then, access the “Premium Term Deposit” option. Then, on the new page, simply access the red “join online” button.

Then, log in with your Santander account and follow the instructions to join the deposit! It's quick and practical! Once you confirm, the money will be transferred and you will be able to enjoy the benefits of the investment!

Furthermore, it is also possible to request your Premium Crescent Term Deposit account in person at any Santander branch!

So, check the available seats on the bank's website and go to a branch closest to you!

Now that you know what the Premium Crescent Term Deposit is, how about finding out about other options from Banco Santander? For example, you may want to purchase the Santander Debit Card!

Therefore, this is an ideal option for making everyday payments, both in Portugal and abroad. Furthermore, this card works physically or for virtual purchases!

So, check out the table below to find out some advantages:

Furthermore, you can access the link below to check out all the details about how this card works!