As of June 28, 2024, the annual and variable interest rate earned on the Booster Account is 2.92%. You earn the same level of interest from the first euro and up to €50 million. No need to be a large corporation to benefit from the most attractive rates on the market.
The Booster savings account gives you total flexibility over your liquidity. Add or withdraw funds instantly and autonomously. No conditions on the minimum amounts you can add or withdraw.
As soon as you become a Memo Bank client, opening the Booster Account takes just seconds, and is managed directly from your banking platform. At Memo Bank, you'll never go through outdated procedures or administrative burdens to open an account.
The competitive level of interest rate paid on the Booster Account is not the result of investments made on financial markets. Hence, the level of volatility on your returns is reduced, and your deposits are protected.
The interest is calculated daily and is based on the minimum daily balance on your Booster Account. Interest is paid out monthly.
Maximise returns earned on the Booster Account or manage unforseen circumstances by setting up your own cash sweeping rule. Instant balance transfers are made between your main current account and your Booster account according to your cash sweeping rules.
The interest rate on the Booster account tracks the Euro Short Term Rate (€STR), the daily euro reference rate calculated by the ECB. Calculated daily, the interest rate is set at 80% of the €STR. Memo Bank maximises the return earned on your cash surpluses. Memo Bank reaffirms its commitment to supporting all businesses, especially in a challenging economic context.
Memo Bank has been implementing concrete and impactful actions to minimise its impact on the environment. In parallel, Memo Bank continues to raise awareness among its clients and the entire banking sector about climate issues.
Through compliance with Basel III solvency ratios and other regulatory requirements, and a successfully audited state-of-the-art technology, be sure that your deposits are fully protected with us.
The Booster Account is not the only remunerated account we offer. Our remunerated accounts includes our interest-bearing current account tracking the €STR, the Booster instant-access savings account, as well as the term deposit account, the latter of which allows partial or full withdrawals.
Banking as it should be.
Memo Bank is a limited company (Société Anonyme) with an Executive Board and a Supervisory Board with a capital of €13,084,327.35 and accredited as a credit institution by the European Central Bank and regulated by the French Prudential Supervision and Resolution Authority (4 place de Budapest, 75009 Paris).
Use cases
Do you need to release orders quickly with your suppliers? Fulfill your commitments without tapping into your liquidity too early? At Memo Bank, everything is designed to accelerate your execution speed
Use cases
Do you need to release orders quickly with your suppliers? Fulfill your commitments without tapping into your liquidity too early? At Memo Bank, everything is designed to accelerate your execution speed
