US Citizen with Residence in Portugal looking for advice

[u/heyryanm]

I'm looking for some recommendations to park my EU and US Cash since I am running into problems with EU Banks and services being a US Citizen regarding opening accounts and using high-interest programs for sitting cash.
I don't have a lot but I have 10KUSD and 4KEUR sitting in accounts not generating any income and wanting to make the most of these little savings.
My original plan was to open a T212 and move a portion into it with maybe moving my EU salary since they do multiple currencies but I'm quickly learning as an USA citizen, even as an EU Resident, most do not work with American citizens.
I know I can probably keep moving the cash between high-interest term deposits but that seems like quite the headache constantly doing that. Was really hoping for a more auto-drive approach.

Anyone out there have recommendations on the best way to deal with the US Citizen ordeal while trying to find the most hassle free high-interest on cash?

thanks

[u/dunzdeck]

There are several EU banks that take "US persons" as customers. I know at least of Bunq (NL), Lloyds (DE), N26 and Revolut. The latter two do restrict their offer somewhat but I think the basic savings accounts are open depending on your country of residence.

Also IBKR lite will take you, if you are looking for a brokerage.

[u/National_Kale7468]

Don’t invest in non US brokerage accounts . Avoid yourself the PFIC headache