On August 1, 2023, Distingo Bank increased the rates on its term accounts. The return thus varies from 3% to 3.20%, depending on the investment horizon. On September 1, 2023, it was his Distingo booklet which saw his remuneration increase from 2.50% to 2.80%.
Spotlight on the Distingo booklet. Distributed by Distingo Bank (formerly PSA bank), this savings product accessible to adults and minors alike, has just seen its remuneration increased, for the fifth time in one year. On September 1, the subsidiary of the Stellantis group increased the rate of its eponymous savings account to 2.8% gross, compared to 2.5% until now.
A rate multiplied by four in one year
for comparison, the performance of the latter was set at only 0.70% at the same period last year. In one year, it has therefore been multiplied by four. If the Distingo savings account does not benefit from a boost rate at the moment, it still comes at the top of our comparison of the best bank accounts, with a rate excluding promotion of 2.80%, when some struggle to reach 1% gross.
Accessible from 10 euros of initial payment in the form of an individual account or a joint account, the Distingo tax booklet has a high, fixed payment limit. 10 million euros. From its opening to its closing, it is entirely manageable remotely, from the web customer area or on the dedicated mobile application. The main advantage of this booklet is thatit does not generate any costs and that funds remain available 24/7. Each customer can only have one Distingo booklet. Once opened, the booklet can be funded either by check or by transfer. Interest on the Distingo booklet is calculated according to the fortnightly rule and paid on December 31 of each year.
How to subscribe to the Distingo booklet?
To open a Distingo booklet, you simply need to be a natural person, of legal age, tax resident in France. note that it is also accessible to minors, provided that their legal representative is themselves the holder of a Distingo Booklet. On its website, Distingo Bank indicates that only 3 steps and 6 minutes are enough to subscribe to your booklet. The saver has the choice between opening 100% online, or by mail.
In the first case, simply complete the online subscription form and upload the requested supporting documents (valid identity document, proof of address, and bank identity statement). Then, you are asked to sign the agreement electronically. As soon as the file is validated by Distingo Bank, the customer must make a first payment (from an account held in the name of the passbook holder, held in a credit institution located in France), under 5 working days maximum.
The Distingo booklet in detail
CATs also better paid
Could this be the comeback of term accounts (CAT)? This long-forgotten investment has been on the rise for several months. And it’s not Distingo Bank that will say the opposite. As a reminder, the online savings specialist also offers not one, but two term accounts to its customers. On the occasion of its 10th anniversary in April 2023, Distingo Bank has launched the Green term account.
The rate of the latter at its launch was 2.60% over 10 months. On August 1st, he passed 3%. Regarding classic Distingo CATs, they offer guaranteed returns:
- 3.1% 1 year horizon on August 1 (compared to 2.7% previously);
- 3.15% 2-year horizon on August 1 (compared to 2.8% previously);
- 3.2% 3-year horizon as of August 1 (compared to 2.9% previously).
The CAT Distingo in details