Term account

The term account has many benefits. First of all, you decide the length yourself: 3 months, 6 months, 2years, etc. It's up to you to decide when you think you'll need this money. Then, even if its interest changes according to the duration and currency, it still delivers appreciably more than a current account. Finally, it's entirely free: there are no entry, management or closure fees to pay.

You get your holiday bonus in April and you'd like to use it for renovations that you have decided will start in November. By putting this money into a six-month term account, you benefit from a much higher return than if you'd left it in your current account. The capital invested and the interest will be paid at the end of six months, whereas if you'd put your money into your savings account, you wouldn't collect the interest until the end of the year. To conclude: you get a larger amount of money to start you renovations.