Fixed-Term Deposits
Place money with a European bank at a fixed rate — how it works and what to expect.
9 articlesWhat a fixed-term deposit on Algora is
What is the fixed-term deposit product and how is it different from the AI agents?
Reading the rate: p.a. versus p.m.
Some offers show p.a. and some show p.m. — what is the difference?
How to apply for a fixed-term deposit
How do I open a fixed-term deposit step by step?
What happens after you apply
I submitted a fixed-term request — what happens next and how long does it take?
Whose name is the bank account in
Is the deposit account in my name or in Algora's name?
How the interest is calculated
How is the interest on a fixed-term deposit worked out, and when is it paid?
Minimum and maximum amounts
What is the smallest and largest amount I can place in a fixed-term deposit?
Cancelling a request, and access before maturity
Can I cancel my fixed-term request or get my money back early?
Where to see your deposits and the invoice
Where do I track my fixed-term deposits, and where is the invoice?
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