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Best bank for term deposits: how to invest up to €100?

Investing 100 euros can be a good start for anyone who wants to learn how the market works. Now it's time to find out which is the best bank to make these deposits!

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Discover the best option to save your money: increase your income with term deposits!

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After all, where is the best place to deposit? Source: Pexels.

Firstly, the question: “which is the best bank for term deposits” depends a lot on your savings objective! In fact, deposits and savings are great options for those who want to start saving, but don't know how!

This happens because savings are a simple investment with almost no risk of losing the amount deposited. However, the yield is not as great as one might imagine.

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Why invest in a savings account? Learn to save!

Saving is one of the most fundamental elements of financial education! Opening a savings account increases the profitability of your money and is a flexible and safe way to invest.

Therefore, to have a first investment or for those who want to create a way to keep their money valued, it is a great idea to invest in savings. Furthermore, know that there are many different modalities.

For example, you can leave the money in an unused account for a few months, or leave it in a flexible account. So, let's get to know some options that offer you a minimum investment of up to 100 euros!

What to consider when choosing the best bank for term deposits?

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After all, how to choose? Source: Pexels.

Profitability is not the only factor to consider when looking for the best bank for term deposits. Therefore, it is also necessary to take into account whether the yield rate is based on TANB or TANL.

Furthermore, what is the value of the amount to constitute? Some banks give the option of minimums and maximums. Here we will only explore those up to 100 euros minimum!

Other points to consider are the possibility of making periodic reinforcements, renewing the investment, the term of the investment, the rules involving early mobilization, such as interest and access conditions.

List of the best bank for term deposits of up to 100 euros?

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Check out the best options to get your money's worth! Source: Pexels.

Without further ado, let's get to know the 8 options and find out which is the best bank for term deposits of up to 100 euros! So, enjoy, analyze and check out all the details.

Savings Account Welcome Open

This is a specific option for new Openbank customers. Thus, the minimum deposit amount is just 1 euro and the maximum is 5 thousand euros. Furthermore, the rate it offers is very advantageous!

This way, you will have a return of 2.75% from TANB in the first six months of investment, which is the maximum term for this type of savings.

Furthermore, there is no charge for maintaining the account and the income is monthly! So, if you're not an OpenBank customer yet, it's worth checking it out.

Open Savings Account

Now, if you are already an OpenBank customer or have already taken advantage of the maximum 6 months offered by the Welcome Account, you can opt for another option. This way, the bank offers the normal account.

The conditions are less attractive, but still, the minimum deposit amount is 1 euro, but the maximum already increases to 10 thousand! Furthermore, the interest rate can vary between 0.02% and 0.01%!

However, an advantage continues to be the possibility of not having to maintain the account. Furthermore, payment is still monthly! How about choosing this bank for term deposits?

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How to open your savings account at Openbank?

Learn today how to open an Openbank savings account and enjoy all its benefits, such as a Mastercard debit card and ZERO annual fees!

Free Savings Account Banco CTT

CTT bank offers a TANB rate between 0.70% and 0.10% in this savings account. Furthermore, the amounts vary between 1 euro and 5 thousand euros! Furthermore, without maintenance costs, income is quarterly.

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Find out how to open your Banco CTT Free Savings Account now!

The Banco CTT Free Savings Account is ideal for saving when the future is at an uncertain stage! You can open yours online, without needing to leave home!

BPI Savings Account – Objective Savings Account

With a TANB rate indexed to the Euribor rate, it has flexible income! With this BPI bank option, you can set up your savings account as long as you want, in addition to making reinforcements at will.

Furthermore, the maintenance cost is 1 euro per month and there is no maximum limit on the amount to be invested! However, the minimum is below 100 euros, being €25!

Salary Savings Account – Millennium BCP

Millennium BCP's average rate is not as attractive as the others, being just 0.005% from TANB! Additionally, you must pay a maintenance fee of 25 euros per month.

However, at BCP you can capitalize interest, receive reinforcements from 25 euros, among other options.

Scheduled Plan Deposit 5 years

This is an option offered by Banco Santander. Thus, the TANB rate is 0.01%! Furthermore, you can invest an amount from 25 euros to 2500 euros! And payment is received per semester!

In addition, it is necessary to make monthly reinforcements of 25 euros, the maximum being 2 thousand euros! So, this could be your bank for term deposits!

Flexible Savings Account – Bankinter

This Bankinter account could be the best bank for term deposits for you! Therefore, it is aimed at those who want to save gradually. In other words, the bonuses are quarterly and you can make reinforcements from 25 euros.

The minimum amount to open the account is 100 euros and there is no maximum amount. Furthermore, the TANB rate is 0.01%!

Objective Savings Account – Banco Atlântico Europa

To conclude the list, this account is an interesting option for those who want to set up savings to achieve a goal. So, every time you spend on your card, you can save!

The TANB rate is 0.10%, the minimum amount is 1 euro and the maximum is 100 thousand! Furthermore, payment is monthly and reinforcements can be made from 1 euro!

Discover NovoBanco’s 12-month Retired savings account!

Have you managed to decide which is the best bank to make term deposits of up to 100 euros? So, how about knowing some other options? For example, NovoBanco offers savings for retirees!

So, if this is your case or you know a relative in this situation, you may want to know more details. The savings last for 12 months and have an attractive TANB rate. However, the minimum amount exceeds 100 euros!

But, if you still want to know this option, don't waste time! Access the button below and discover step by step how to join this savings account!

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Discover Novo Banco’s 12-month Retired Savings Account!

Discover a Savings Account without commissions and with income, aimed only at those who are already retired! Find out more about term savings at Novo Banco.

About the author  /  Filipe Travanca

Bachelor in History and Audiovisual from the University of São Paulo. Passionate about writing and literature, he works as a screenwriter, editor and short story writer, exploring the most varied themes and subjects. A very curious person, who likes to study a little bit of everything and share this learning in his texts.

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