• Fixed term account
• Individual savings account
• Regular savings account
• Monthly income accounts
• Student savings account
• Online savings account
• Savings for children
• Argument with the bank
• Retirement savings plan
• Medical savings plan
• College savings plan

If you don’t want to take your money from the bank, but still want to gain some interest on it, you might choose a fixed term account to make a little extra. This service is available at most of the banks or other financial institutions with current account offers.

If you have a considerable amount of money on your account and expect a low level of cashflow for the future, you might consider to deposit some of your money for a favourable rate of interest. A minimum balance is usually set to use take out this option (€ 1000 for example), under which you cannot apply. After this you have to decide the period of deposit, which usually ranges from 1 month to 5 years, depending the conditions of the bank.

You are offered a favourable rate of interest, which is usually determined in an annual value, taking into consideration that you maintain the minimum amount of money on your account. If, for example in emergency, you have to withdraw a larger amount, that makes you go below your limit the fixed term is broken and you must give up on the extra interest.

Favourable deals are offered if you agree to deposit a larger amount of money (e.g. €20 000), which you agree to keep for the term. Interest rates vary according the period of deposition, the more time you deposit, the more you’ll get back.

This type of account is recommended if you have a secure financial situation and less likely to require large amount of money in the future.