“Don’t put all your eggs in one basket” is a particularly apt proverb when it comes to investing. This is precisely what the Cashbee application offers, thanks to a multitude of financial products accessible from your smartphone.
The world of financial investments is no longer reserved for a well-informed elite. The Cashbee application offers you to invest your money in profitable products via your smartphone. The advantage is that you don’t need to be an expert in finance to invest your money in high-potential products. All you have to do is entrust your money to the experts at Cashbee and its partners so that they can find the right investments for you.
The French company has a strength that its competitors do not have: a wide variety of investments, including a remunerated savings account that is permanently accessible. A godsend, because it is by diversifying your investments that you limit your exposure to risk.
Whatever your investment horizons, short, medium or long term, there is bound to be a Cashbee product designed for you.
The Cashbee booklet: the safe bet
This is a product offered in partnership with MyMoneyBank, which guarantees you a fixed remuneration without risk. Indeed, the Livret Cashbee offers a remuneration of 0.6%, regardless of market behavior. The advantage is that the latter has a ceiling set at 1 million euros, well above the ceiling of 22,950 euros for the livret A. And the livret obliges, the money deposited in this account is immediately accessible. What for example to replace a current account which does not offer any remuneration.
The Cashbee Booklet also has the advantage of being totally free. There are no entry or exit fees, let alone management. Currently, Cashbee even boosts the rate of its booklet to 2% for the first three months. It is therefore an ideal investment to put your precautionary savings to work.
Cashbee+: remuneration adapted to your profile
To obtain a product that aims for higher returns, you have to turn to Cashbee+. Behind this service is actually life insurance, an investment well known to the French, offered in partnership with Generali. At Cashbee, life insurance has the advantage of adapting to your investor profile.
For the most cautious and medium-term investments, Cashbee will steer you towards defensive portfolios. They are mainly made up of funds in euros, i.e. vehicles with guaranteed capital, and bond and money market funds. On the contrary, for long-term investments with greater risk exposure, the application will suggest more dynamic portfolios. These are invested in different asset classes, such as equities and bonds, mainly in Europe, the United States and Asia. Importantly, exposure to emerging markets, and more specifically Russia, is negligible.
To determine your profile, the Cashbee application will ask you a series of questions during registration. This allows him to determine your knowledge of finance, but also to measure your risk appetite. The service will then direct you to the wallet that best suits you.
Last year, Cashbee delivered yield rates of between 2.27 and 9.73% depending on the profile. It should be noted, however, that past performance is not indicative of future performance, and that any investment involves risk. Thus, each investment must be considered: type and duration of investment, taxation, etc.
Cashbee is remunerated by its partners. In the case of the passbook, it is the bank that pays it a commission, in the case of longer-term investments, it is the insurer Generali and the fund managers who pay it part of the management fees deducted from the customer. However, there are no entry or exit charges. Finally, you can redeem shares of your life insurance at any time. The funds are then available within three working days.
Cashbee+: choose where you invest
There is no need to have knowledge of finance to choose the areas in which you would like to see your money invested. With Cashbee+, it is possible to choose which sectors of the economy your money will support. We find the following funds:
- Cashbee+ Climate : to invest in companies that have a positive impact on the environment;
- Cashbee+ Inclusion : to support institutions that promote social equality;
- Cashbee+ Tech : as the sound suggests, your money will be distributed in the companies at the cutting edge of technology;
- Cashbee+ Impact : a mix of the three previous profiles for those who can’t decide.
Finally, if you swear by stone, Cashbee also allows you to invest in real estate via Cashbee+ Immo, which distributes your money in one or more OPCIs (Real Estate Investment Institutions). To simplify, it’s a bit like buying very small areas of lots of different homes. Last year, the performance of the two OPCIs offered by Cashbee amounted to 3.33 and 5.16% respectively. Again, remember that past performance is not indicative of future performance.
Cashbee: the app that simplifies responsible investment
Available on Android and iOS, Cashbee is an all-in-one solution for investing money and managing savings. The mobile application offers a great diversity of products, which allows everyone to invest while respecting their objectives and values. Moreover, nothing prevents you from subscribing to several Cashbee products, exposed to different levels of risk. It’s even the most effective way to diversify your investments.
Cashbee is also committed to favoring SRI (Socially Responsible Investment) profiles. These products tend to promote a responsible economy, by supporting companies and institutions that care about the social and environmental impact of their activities.
Finally, Cashbee offers various welcome offers to their new customers:
- Cashbee passbook rate boosted to 2% during the first three months;
- 100 euros offered for any subscription to a Cashbee+ contract with an initial payment greater than 5,000 euros.
This is content created by freelance writers within the Humanoid xp entity. Numerama’s editorial team did not participate in its creation. We are committed to our readers to ensure that this content is interesting, qualitative and corresponds to their interests.