At the time of revealing the rates served on funds in euros for the past year, the major banking networks usually act as dunces, paying low funds from consumer contracts. On this point, the first known yields for the year 2022 are surprising.
+1 point on the funds in euros of all their life insurance and individual pension contracts: at the scale of a network the size of the Mutual Credit, this announcement is not insignificant. The contracts managed by Assurances Crdit Mutuel (ACM) – which covers the contracts of CIC and the entire Crdit Mutuel network, except Bretagne and Sud-Ouest – serve an average of 2.30% according to this press release, and above all a minimum (1) 2.10% for the flagship and general public contract Essential Life Insurance Plan. This is better than Afer, the famous association of savers, which delivers 2.01% in 2022 on its fund in euros.
| Banks | Flagship contract | Rates 2021 | Max bonus 2021 | Rates 2022 | Max bonus 2022 |
|---|---|---|---|---|---|
| People’s Bank | Horizon 2 | 0.75% | 1.10% | – | – |
| BNP Paribas | BNP Paribas Multiinvestments | 1.10% | 1.65% | – | – |
| Savings Bank | Millevie Essential 2 | 0.75% | – | – | – |
| CIC | Essential Life Insurance Plan | 1.10% | 1.60% | 2.10% | 2.75% |
| Credit Agricole | Predissime 9 series 2 | 0.65% | 1.45% | – | – |
| Credit du Nord | Antarius Selection | 0.90% | 1.35% | – | – |
| Mutual Credit | Essential Life Insurance Plan | 1.10% | 1.60% | 2.10% | 2.75% |
| Credit Mutuel Arka | Navig’Options | 0.85% | 1.20% | – | – |
| The postal bank | Cashmere 2 Series 2 | – | – | 1.40% | 2.80% |
| LCL | LCL Life | 1.05% | 1.85% | – | – |
| Societe Generale | Essential Maple and Squoia | 0.75% | 1.84% | 1.95% * | – |
* Société Générale communicates an average rate, and not a base rate, which makes any comparison impossible with the contracts of other brands.
This table will be updated as announcements are made.
Good performance also on old contracts?
What hides these good performances? Some insurance companies have the habit of taking care of the yields of new contracts to abandon the oldest ones, taken out by customers many years ago and now closed for sale.
At this stage, it is difficult to know what fate The postal bank reserved for savers still holding their former flagship contract Vivaccio: neither the bank nor its insurer CNP Assurances have revealed (at the time of writing) the rates paid on the old contracts. However, the closure of Vivaccio only dates from autumn 2022, the bank now inviting holders of this older generation of life insurance policies to migrate to Cachemire 2 Serie 2. A well-paid contract, for its very first months of existence, and whose particularity is to highlight pilot management.
No unpleasant surprises for customers of the Savings Bank who still have a contract managed by CNP Assurances, the former best sellers 3D shades or other Nuances Plus: the basic rate is 1.30%, against 0.75% last year. Above all, the bonus can rise to 2.03% if you have a third of the contract invested in units of account.
Euro funds: 2022 rates at major banks
The postal bank
- Cashmere 2 Series 2: from 1.40% to 2.80% depending on the share of UC
- Cashmere Heritage Series 2: from 1.50% to 3.00%
Savings Bank
- 3D shades (closed marketing): from 1.35% to 3.04% depending on the share of UC
- Nuances Plus (closed commercialization): from 1.40% to 3.15%
Crédit Mutuel (federal alliance network + CIC)
- Essential Life Insurance Plan: 2.10% excluding bonus
- Privilege Life Assurance Plan: 2.25% excluding bonus (up to 2.75% with bonus)
Societe Generale
Please note: at this stage, the red and black bank has only delivered average rates and no detailed range of rates, nor any yield for its range of maple consumer contracts. The rate of 1.95% announced for Squoia therefore does not apply to all customers holding this star contract. In fact, the bank varies the returns on its fund in euros with a bonus, which rises according to the share of units of account and the importance of the savings deposited.
Life insurance: the 2022 rate ranking, from best to worst
(1) All rates quoted in this article are net of management fees, but before social security contributions.