The Livret A yields 3% but it is capped at 22,950 euros. However, some savers are fond of investments from which they can draw at any time while generating generous interest. Moribund a few years or even months ago, the market for bank books is once again becoming very competitive. Overview.
Friday, September 1, in all discretion, the Distingo booklet increased its rate: from 2.50%, it rose to 2.80%. Less than the Livret A? Certainly. Especially since all classic bank books, in the non-regulated sense, are subject to a 30% tax on earnings (single flat-rate deduction). Very concretely, when the Livret A earns you 3% without any tax, the Distingo savings account at the unbeatable long-term rate only earns you 1.96%.
But the Livret A is capped at less than 30,000 euros, and 5.3 million Livret A (10% of the total) are capped. In short: some are crazy about risk-free investments and with funds available at all times… and the Livret A is not enough for them. In this case, the bank books – admittedly taxed – are there. And Distingo brings in 2.80% gross up to 10 million euros.
Behind Distingo, the best base rates (i.e. long-term rates) are 2.75% for Zesto at Renault Bank, and 2.50% for the Livret Bourso+ as well as the Ramify savings account and the account on Cashbee booklet.
And the promotions? Up to 5% for several months!
It is still possible to do better than Distingo’s 2.80%. Provided you aim for a promotional rate over a given period. Quick overview? 5% for 4 months on Fortuneo’s Livret+, 4% for 3 months at Cashbee, 4% for 2 months at Ramify, or 5% for 3 months on Monabanq’s brand new rmunr Rentabilis account, including the welcome offer starts this Monday, September 4.
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The fact that Monabanq is relaunching such an offer for a passbook account (which is also open to non-holders of a current account in online banking) is further proof that the passbook market is once again becoming very competitive. Another proof: according to our information, at this start of the school year, Hello bank is preparing to reserve Hello+ savings accounts at 2.50% for one year for the first 5,000 subscribers…
Our comparator of savings passbook returns, depending on the chosen investment term
Important clarification: these promotional rates are often subject to conditions. You benefit only if it is your first opening of the booklet in question, and some of the establishments quoted ask you to open a current account, or to maintain a minimum balance for several months after the promo. To avoid any unpleasant surprises, read the conditions of each welcome offer carefully before opening this new boost rate booklet.
Savings account: all welcome offers on bank accounts