On the savings side, not all online banks offer the same products. Some will have a wide range, with regulated and taxed booklets, while others will have a more limited offer. So, from which online bank can you benefit from the most complete savings offer?
Like a traditional bank with branches, online banks are authorized to distribute savings products. However, unlike physical establishments which all offer all regulated products and several tax-paying booklets, online banks often have a more limited offer, which varies according to the player. Before opening an account in a nobank, it is therefore advisable to compare savings solutions if you plan to invest your money there.
We find at least two regulated savings products in most French online banks, among the booklet A, the sustainable and solidarity development booklet (LDDS), the people’s savings account (LEP), the youth savings account, the housing savings plan (PEL) and the housing savings account (CEL). Regulated by the State, these savings accounts are distinguished by the fact that their interest is exempt from tax and social security contributions.
In addition to these products, the majority of online banks also offers fiscal bank books, for which they freely set the rate of remuneration, the ceiling and the opening, management and closing conditions. A multitude of offers therefore exist on the online banking market, it is sometimes not easy to choose. Here is some information to help you see more clearly.
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Online banking and regulated savings
online banking the best bidder in terms of regulated savings is Hello bank, because it provides access to the full catalog of its parent company, BNP Paribas. Then comes Boursorama Banque, which allows its customers to open a booklet A, an LDDS, as well as a PEL and a CEL. Monabanq comes third with the booklet A, LDDS and young booklet. Finally, Fortuneo and BforBank only offer Livret A and LDDS accounts.
For their part, Orange Bank, N26, Revolut and Ma French Bank do not provide access to any regulated savings product.
| A booklet | LDDS | Booklet Young | THE P | CEL | ELP | |
|---|---|---|---|---|---|---|
| hello bank | ||||||
| Boursorama Bank | ||||||
| Monabanq | ||||||
| Fortuneo | ||||||
| BforBank | ||||||
| Orange Bank | ||||||
| Revolut | ||||||
| N26 | ||||||
| My French Bank |
Online banking and fiscal booklets
Regarding tax-exempt bank books, again, most brands offer their own product: Hello+ at Hello bank, Livret+ at Fortuneo, Livret Croissance at Monabanq, the Livret Sur Account at Boursorama Banque, the BforBank booklet, etc. These booklets have fairly low rates of return (from 0.04% to 0.20% at Orange Bank), but can be useful if your payment booklets have reached their ceiling and you want to continue investing your money in risk-free products. Do not hesitate to compare their interest rates, listed on our page dedicated to the best savings accounts.
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