French term deposit account

Optimise your surplus cash with no constraints and in full autonomy

Term deposit accounts that you can open and manage online: a great yet rare product. Term deposit accounts that also offer competitive rates whilst allowing partial and full withdrawals without penalty: you can only find this product at Memo Bank.

A fully-flexible term deposit account

Online and quick account opening

Opening our term deposit account can be done and e-signed online. It is a matter of a few seconds to open an account.

Stepped interest rates

The remuneration of our term deposit account features stepped interest rates: the rate determined at the time of opening increases in steps until the term deposit reaches maturity. Our term deposit account is available in multiple maturities.

No penalties when making full withdrawals

When making full withdrawals from the term deposit account, you won’t incur any penalty fees.

Partial withdrawals are allowed

Unlike other term deposit accounts, ours do not require you to fully lock your funds. You can make partial withdrawals from our term deposit account by just giving 32-day notice

Your deposits are placed with a trusthworthy, solid and responsible French bank

Your funds are in the safest place

Your funds are protected. Our Liquidity Coverage Ratio (LCR), and Net Stable Funding Ratio (NSFR) are standing way above Basel III requirements.

We are not financing fossil fuels

We are not financing fossil fuels. Let’s be clear here: Memo Bank will never use your deposits, whether you put them in a current account or a time deposit account, to fund oil, gas, or coal initiatives.

Many ways to grow your surplus cash

In addition to our time deposit accounts, we offer a full range of interest-bearing solutions. These include our Booster account (an €STR-indexed instant access savings account) and our EUR/USD money market funds (MMF), available from 100 EUR/USD with no cap. Funds in our MMF are accessible within 24 hours.