The boosted passbook is similar to the regular savings passbook, but provides many other benefits such as a "boosted" promotional rate of up to 5.5%. In addition, you can use the boosted passbook to do your banking without paying any fees. We have chosen the Axa Bank boosted passbook as the best boosted passbook. Here is our guide to the best boosted passbooks.
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Our selection
"Open an AXA bank account and benefit from a boosted rate of 2% during the two months with a minimum deposit limit of 150 euros…"
"CIC offers a passbook with a boosted rate of 1.50%, capped at 50,000 euros over three months under conditions as a special welcome offer. With…"
"Livret Distingo offers an increased rate of 3% over two months with a welcome bonus of 40 euros as of the opening of the passbook…"
"For all newly opened interest-bearing accounts, Cashbee boosts the rate of return over 4 months to 2%, up to a limit of 75 000 euros.…"
Open an AXA bank account and benefit from a boosted rate of 2% during the two months with a minimum deposit limit of 150 euros on its savings account. The calculation of the interest is based on the fortnightly rule. This passbook is not subject to management fees.
2%During the first two months following the opening of the AXA savings account, the guaranteed nominal annual promotion rate is 2% and the maximum deposit limit is 30,000 euros subject to conditions. Beyond the amounts that benefit from this rate and at the end of the promotion period, the standard interest rate of the passbook will apply. It should be noted that this offer is valid from July 1, 2020. The interest rate without the promotional offers is 0.05% from 1 euro, no upper limit. The annual nominal rate in effect on February 1, 2019 is subject to change.
CIC offers a passbook with a boosted rate of 1.50%, capped at 50,000 euros over three months under conditions as a special welcome offer. With CIC, a welcome passbook is offered.
1.5%This promotional offer proposed by CIC is valid from 01/02/2020. It is intended for new customers for less than 6 months and limited to one welcome passbook per saver. The boosted rate of 3% for the three months following the opening of the passbook corresponds to a maximum deposit of 50,000 euros. The minimum deposit at the opening is 10 euros. Beyond this amount and/or after this three-month period, the rate of the passbook is 0.10%. As a note, the conditions in force on 02/01/2020 are subject to change. The frequency of calculation of the interests is per fortnight.
Livret Distingo offers an increased rate of 3% over two months with a welcome bonus of 40 euros as of the opening of the passbook within the limit of 75,000 euros of deposit and subject to the existence of the passbook on December 31, 2021.
3% + 40 € opening premiumThis is a savings book that offers one of the best interest rates (3%) for 3 three months, available immediately. The classic rate beyond this period is 0.8%. With Distingo, you can simulate your interest online and you choose the best way to save. The Distingo savings book is a safe and efficient investment. If you have a Distingo savings account, you can also have one for your minor children. Then you can manage your children's books yourself. The calculation of the interest is based on the fortnightly rule. You can make the subscription online.
For all newly opened interest-bearing accounts, Cashbee boosts the rate of return over 4 months to 2%, up to a limit of 75 000 euros. You open your account in 6 minutes with the Cashbee application.
0,02The boosted rate offered by Cashbee on a savings passbook is 2% and the interest rate excluding promotions is 0.60%. It is managed via an application that allows the aggregation of bank accounts to better organize savings. Cashbee does not charge for opening or managing accounts. This account does not manage any transfer fees. To take advantage of this offer, you must first open an account and create a profile after downloading the Cashbee application. The promotional rate of 2% during the first two months is paid by the partner bank. Tax and social charges are required.
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| TOP OF THE TOP | CHEAP | TOP OF THE LINE | EXCELLENT | |
In accordance with our commitment, this buying guide does not contain any sponsored products. |
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| OUR SELECTION |
Axa Bank Boosted Savings Account
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Livret boosté CIC
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Distingo Boosted Savings Account
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Cashbee Boosted Savings Account
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Open an AXA bank account and benefit from a boosted rate of 2% during the two months with a minimum deposit limit of 150 euros on its savings account. The calculation of the interest is based on the fortnightly rule. This passbook is not subject to management fees.
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CIC offers a passbook with a boosted rate of 1.50%, capped at 50,000 euros over three months under conditions as a special welcome offer. With CIC, a welcome passbook is offered.
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Livret Distingo offers an increased rate of 3% over two months with a welcome bonus of 40 euros as of the opening of the passbook within the limit of 75,000 euros of deposit and subject to the existence of the passbook on December 31, 2021.
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For all newly opened interest-bearing accounts, Cashbee boosts the rate of return over 4 months to 2%, up to a limit of 75 000 euros. You open your account in 6 minutes with the Cashbee application.
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Boosted rate
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2%
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1.50%
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3%
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2%
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Taxation
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yes
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yes
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yes
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yes
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Maximum deposit amount
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30,000 euros
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50,000 euros
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75,000 euros
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75,000 euros
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Duration
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2 months
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3 three
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2 months
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4 months
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Minimum deposit amount
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150 euros
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10 euros
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-
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In terms of savings, the offers on boosted deliveries are numerous and different from one bank to another. And it is up to each future saver to choose and sort out which one is the most advantageous. Before signing up, please take the following criteria into account.
The terms and conditions of a super passbook do not provide details on the return on this type of investment since the base rate can be revised at any time. However, before opening it, it is essential to know the return on a non-regulated bank passbook. In any case, you should know that the interests of a Super Livret are subject to tax deductions. To evaluate the rate of return, you can use this tool
.
Before
proceeding to open a boosted passbook, try to find out about the boosted rate offered, its duration, other specific conditions such as the minimum deposit...
The conditions for opening boosted passbooks are specific to each bank. However, most often, these conditions are the following: to be over 18 years old. Note that some online banks suggest boosted passbooks for children. The future saver usually resides in the UK. He must hold an account in a bank located on the national territory.
After the confirmation of the effective opening by email (between 3 and 4 days), the owner will receive a personal code with which he can perform online transactions.
You
should ask the bank if the opening of an account is required or not. Keep in mind that the terms and conditions of subscription are different from one bank to another.
The
majority of banks offer a special promotional offer when you open the boosted passbook. For example, Hello Bank, offers 80 euros as an opening bonus.
The
criteria concerning the terms and conditions of the savings and their rules of operation must be clear before subscribing (ceiling, minimum payment...)
.
In recent years, the boosted passbook, also known as the super passbook, has been a great success with the French. The boosted passbook is identical to the classic savings passbook. It offers rates up to 5.5%. While the classic passbook only offers rates between 0.25% and 1.69%. You can use the boosted passbook to carry out your banking transactions free of charge.
Boosted savings accounts generally offer very attractive rates of return (from 2% to 6%) over a short period (from two to six months). The ceiling on boosted passbook accounts is generally higher than that of regulated passbook accounts such as the LEP ceiling and the Livret A ceiling.
Unlike traditional regulated savings books, boosted passbooks are subject to tax on the interest earned.
Your savings and income are guaranteed. The interest on this type of passbook is tax-free in most cases (with the exception of the PEL and CEL). Regulated passbooks are more attractive than boosted passbooks, because their remuneration is net. The funds in most regulated passbook accounts are also fully available. The PEL is an exception, because the funds are blocked for 4 years. If you withdraw funds from the PEL, this passbook will automatically be closed.
Compared to the super passbooks, the maximum deposit limits for supervised passbooks are generally lower. For example, the maximum limit for the Livret A is 22,950 euros, while the maximum limit for the Super Livret is between 50,000 euros and several million euros.
The saver cannot open the same regulated book several times, he cannot open two Livret A or two LEP. On the other hand, to broaden his savings possibilities, he can combine different regulated passbooks (Livret A + PEL + CEL).
A regulated passbook is a savings account whose conditions are set by the State. By ordinance, the State sets the deposit ceiling and the rate of interest, which can be changed on 1 February or 1 August of each year. A boosted passbook, also known as a super passbook, is a category of non-regulated passbooks. The conditions relating to these passbooks (fees, ceiling, etc.) are defined by the bank. They offer identical rates, but if you want net returns, look instead at regulated passbooks.
Evaluate the one-year rate of return on the passbook
After taking advantage of the bonus or boosted rate, the prime rate is usually 1% to 2% of the gross amount. This makes it difficult to assess the final performance of the passbook. To assess the total annual return of the boosted passbook, the formula is: ([Promo rate X number of months of the promo]/12)+([Ordinary rate x number of months remaining]/12).One passbook offers a boosted rate of 4.5% in 3 months. After that, the regular rate is 1.60%. The total annual return = ([4.5 x 3]/12) +([1.6 x 0]/12) = 2.32% gross over one year. This is the total annual rate of return before social security contributions and taxes are paid.
Things to check before registering
First, you need to check whether the boosted pay period (for example, 3% for 3 months) starts from the time the passbook is opened. In other words, if it is not going to end at the end of the promotion period. Before paying the bonus earnings, also check if your bank has imposed a lock-in period, such as the end of the calendar year.
Where can I open a boosted savings account?
The majority of banks provide boosted passbooks. However, the conditions and benefits are not the same for each bank. Therefore, to choose a boosted passbook, you should take time to compare the super passbooks offered by different banks.
Manage your Super Savings Account online
Managing your super passbook online has many advantages. It is convenient, because savers can operate at any time as long as they have an Internet connection. You can also manage your account online via your tablet or smartphone. This online management is convenient because there is no need to go to the bank for withdrawals or transfers. This avoids the loss of time during the trip, but also the waiting in front of the counter. Moreover, the online management of the Super Passbook can be done at home or anywhere else, 24 hours a day, 7 days a week.
The best passbook depends on your needs and your budget. Read our buying guide to find out more.
A boosted passbook, otherwise known as a super passbook, is a type of non-regulated passbook whose conditions are set by the bank (rate, ceiling). At the start, a bonus rate is set (for example, 3% for the first three months and then 1%).
The bank offers a promotional rate (boosted rate or bonus rate) which is guaranteed to be valid for one or more months after the passbook is opened. More specifically, since the interest on the passbook is usually calculated according to the fortnightly rule, the interest rate bonus period starts from the first fortnight after the actual opening date of the passbook. The boosted rate can now go up to 4% and is limited in time (for example 3 months or 4 months), it is reserved for loyal customers or new customers of the bank. Once the promotion is over, the funds will be paid at the base rate. Currently, the base rate varies between 0.8% and 2% depending on the offer. It should also be noted that this base rate may change over time depending on market conditions.
Boosted passbooks are not regulated by the state, so they do not benefit from any privileged tax framework.Thus, depending on the tax rate 2021 and the flat-tax implemented by Emmanuel Macron in 2018, interest will be levied: income tax, up to 12.80%, social security contributions, up to 17.20%. The person who holds such a passbook can also adopt the taxation of the interest received according to his marginal tax bracket, declaring it as income. They will then be declared on the tax return.
The fortnightly rule is simple. If between the 1st and the 15th of the month, you deposit a sum of money on the passbook. The value date or reference date indicated by your bank for the transaction on your bank account (credit or debit) for the calculation of interest will be the 16th of the current month. If you credit your account between the 15th and the 30th or 31st depending on the month, or even the 28th or 29th for the month of February, this reference date will be the 1st of the following month. If the withdrawal is made between the 1st and the 15th of the month, the interest for the current fortnight will be cancelled to the amount of the withdrawal.
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