This June, managing your savings takes a strategic turn, driven by the recent evolution of interest rates and financial offers. While regulated savings accounts, once favored for their security, see their yields under pressure, term deposits emerge as a preferred alternative. These investments guarantee a fixed rate over a defined period, appealing to an audience eager for stability in an uncertain economic context. The recent cut in key rates by the European Central Bank certainly introduces challenges but does not eliminate opportunities to seize. Dynamic online banks like Boursorama or ING Direct engage in serious competition against traditional institutions such as Crédit Agricole or Banque Populaire. It is up to savers to combine vigilance and knowledge by carefully assessing taxation and specific conditions to optimize their returns. This June overview provides precise insight for those wishing to invest securely and effectively.
- 1 Detailed analysis of term deposit interest rates in June
- 2 Taxation and practical conditions to consider before opening a term deposit account
- 3 Term deposits compared to savings alternatives: what choices to optimize your savings?
- 4 Traditional banks vs fintechs: where to find the best secure investments in June?
- 5 Traditional banks vs fintechs: where to find the best secure investments in June?
Detailed analysis of term deposit interest rates in June
The month of June reveals contrasting trends regarding term deposits, with a slight general decrease in offered rates but also notable exceptions that catch attention. Indeed, according to the Banque de France, the national average for short-term term deposits is around 2.36% for contracts up to two years, a rate that may seem modest compared to historical standards. However, some players, notably among fintechs, offer gross yields exceeding 2.7% for longer durations, an interesting opportunity for savers seeking to combine security and return.
A clear example is Klarna, which offers up to 2.74% gross over 36 months, positioning itself as an attractive reference in the medium-term segment. Monabanq follows with a progressive rate reaching up to 3.70% over 5 years, although the effective average is around 2.70%. Swaive, with fixed rates of 2.70% over 60 months, also highlights the relevance of long terms to maximize returns.
Institutions like CIC, Banque Populaire, LCL, or Crédit Agricole offer adjustable rates, reflecting their policy of personalized adaptation to the diversity of client profiles. Their added value often lies in contractual flexibility and client relationship management. For example, CIC offers an annual progressive rate, ranging from 1.60% the first year to 3.60% the last year, over a 5-year commitment, which can prove very advantageous for planned savings.
| Institution | Duration | Gross Rate | Net Rate (after 30% flat tax) | Minimum / Maximum Amount |
|---|---|---|---|---|
| Klarna | 36 months | 2.74% | 1.92% | €1 – €500,000 |
| Swaive | 60 months | 2.70% | 1.89% | €5,000 – €10,000,000 |
| Monabanq | 60 months | 2.70% (average) | 1.89% | €3,000 – €150,000 |
| Distingo | 12 months | 2.30% | 1.61% | €1,000 – €1,000,000 |
| CIC (progressive) | 60 months | 2.60% (average) | 1.82% | €1,000 – €150,000 |
This diversity of offers calls for informed choices. A longer-term investment can be more profitable, but it is also necessary to take into account the required liquidity, which affects the ability to face financial unforeseen events. In summary, the table above allows a quick visualization of available opportunities.
Taxation and practical conditions to consider before opening a term deposit account
Beyond interest rates, taxation plays a key role in the effective profitability of term deposits. Indeed, the generated interest is subject to the 30% Flat Tax (PFU), which combines 12.8% income tax and 17.2% social contributions. This taxation is direct and leaves no room for partial exemptions often present with other savings products such as Livret A or LDDS.
Faced with this constraint, it is essential to evaluate the net after-tax return to fairly compare different solutions. For example, a gross rate of 2.74% translates to a net return just below 2%, which remains competitive compared to regulated savings accounts, whose net rate is currently limited to 2.4% for the Livret A (which could drop to 1.5% in August).
In addition to taxation, certain practical conditions can significantly influence the comfort and flexibility of the investment:
- Penalties in case of early withdrawal: Swaive applies a 25% deduction on accrued interest, whereas Monabanq may not pay interest if withdrawal occurs within the first quarter.
- Minimum amount and cap: offers like Distingo are accessible from €1,000, facilitating entry, while other institutions require larger sums.
- Investment duration: a long horizon often guarantees a better rate but implies less liquidity.
- Automatic renewal: certain contracts are tacitly renewed at maturity, such as those of CIC, which can be advantageous or, conversely, trap the saver depending on their vigilance.
- Compatibility with other investments: coordinated management of various savings vehicles such as life insurance should be finely studied to maximize overall performance.
This list highlights the variety of pitfalls and opportunities to master for achieving an optimal investment. A thoughtful strategy will combine return, controlled taxation, and flexibility.
Term deposits compared to savings alternatives: what choices to optimize your savings?
Faced with stagnation or decline in regulated savings rates, term deposits position themselves as a secure option. But optimized savings require a broad comparative analysis, also integrating super savings accounts, life insurance, and dynamic vehicles like the PEA. Each product has its own features, taxation, and liquidity.
For example, some super savings accounts offer a high promotional short-term rate (up to 6% for two months with Orange Bank or ING Direct), before dropping to a more conventional level. This flexibility allows savers to maintain maximum liquidity. Conversely, life insurance, notably euro funds such as EURO+ from Swiss Life, remains attractive with a 3.60% yield announced for 2024, combining security and sometimes more advantageous taxation in the long term.
Classic term deposits rely on the stability and predictability of the rate over the duration, a considerable advantage for cautious profiles. Finally, the PEA offers potentially higher profitability and favorable taxation but involves a notable capital risk, requiring a long investment horizon and appropriate risk tolerance.
| Product | Advertised Rate | Duration | Flexibility |
|---|---|---|---|
| Klarna term deposit (36 months) | 2.74% | 36 months | Low (penalized exit) |
| Orange Bank super savings (boosted rate) | 6% (2 months promo) | 2 months then 1.5%-2% | High (free withdrawal) |
| Life insurance euro funds | 3.60% (2024, non-guaranteed) | N/A | Medium to high |
| Bank PEA | Variable, up to 7% | Long term (minimum 5 years) | Medium |
It is essential that the investor adjusts their choice according to their objectives, horizon, and risk appetite. Savings optimization in June is not done with a single product, but through prudent diversification. Each vehicle presents a different balance between return, liquidity, and taxation.
Traditional banks vs fintechs: where to find the best secure investments in June?
The choice of institution is another determining factor to make the best use of term deposits. On one side, traditional banks such as Société Générale, Crédit Agricole, or Banque Populaire consolidate their credibility through an extensive network and personalized support. They rely on client relationships and trust built over several decades.
On the other, neobanks and fintechs like Klarna or Swaive take advantage of digital innovation. They often offer fully online account opening, without hidden fees, with simplified operations. These players display particularly competitive rates that can outperform classic offers, but sometimes with more restrictive deposit or duration conditions.
In terms of guarantees, deposits are protected up to €100,000 in France, ensuring a safety net comparable from one institution to another. Nevertheless, preference for a recognized bank can be explained by the search for accessible customer service and perceived reliability.
Here are some essential criteria to guide your selection:
- Deposit security: guaranteed up to €100,000 according to European regulations.
- Reputation and financial solidity: a trust label rather than a gamble on a new player.
- Management flexibility: possibility of early withdrawal, automatic renewal, accessibility of funds.
- Quality of customer service: availability, personalized advice, dispute management.
This duality between tradition and innovation thus offers a rich palette of options adapted to all profiles, from conservative to experienced investors.
Classic term deposits rely on the stability and predictability of the rate over the duration, a considerable advantage for cautious profiles. Finally, the PEA offers potentially higher profitability and favorable taxation but involves a notable capital risk, requiring a long investment horizon and appropriate risk tolerance.
| Product | Advertised Rate | Duration | Flexibility |
|---|---|---|---|
| Klarna term deposit (36 months) | 2.74% | 36 months | Low (penalized exit) |
| Orange Bank super savings (boosted rate) | 6% (2 months promo) | 2 months then 1.5%-2% | High (free withdrawal) |
| Life insurance euro funds | 3.60% (2024, non-guaranteed) | N/A | Medium to high |
| Bank PEA | Variable, up to 7% | Long term (minimum 5 years) | Medium |
It is essential that the investor adjusts their choice according to their objectives, horizon, and risk appetite. Savings optimization in June is not done with a single product, but through prudent diversification. Each vehicle presents a different balance between return, liquidity, and taxation.
Traditional banks vs fintechs: where to find the best secure investments in June?
The choice of institution is another determining factor to make the best use of term deposits. On one side, traditional banks such as Société Générale, Crédit Agricole, or Banque Populaire consolidate their credibility through an extensive network and personalized support. They rely on client relationships and trust built over several decades.
On the other, neobanks and fintechs like Klarna or Swaive take advantage of digital innovation. They often offer fully online account opening, without hidden fees, with simplified operations. These players display particularly competitive rates that can outperform classic offers, but sometimes with more restrictive deposit or duration conditions.
In terms of guarantees, deposits are protected up to €100,000 in France, ensuring a safety net comparable from one institution to another. Nevertheless, preference for a recognized bank can be explained by the search for accessible customer service and perceived reliability.
Here are some essential criteria to guide your selection:
- Deposit security: guaranteed up to €100,000 according to European regulations.
- Reputation and financial solidity: a trust label rather than a gamble on a new player.
- Management flexibility: possibility of early withdrawal, automatic renewal, accessibility of funds.
- Quality of customer service: availability, personalized advice, dispute management.
This duality between tradition and innovation thus offers a rich palette of options adapted to all profiles, from conservative to experienced investors.
