Updated on 5 October 2024
GermanyCrédit Agricole Consumer Finance (CA Consumer Finance) is a consumer credit provider and a member of Crédit Agricole Group. CA Consumer Finance specializes in various areas of consumer credit, including direct sales, point-of-sale financing (home equipment, vehicles, etc.), e-commerce and brokerage.
AustriaYOUNITED (Younited Credit) is a French credit institution, specialized in providing a broad range of consumer finance solutions. YOUNITED offers consumer loans, car loans, and credit cards. YOUNITED was founded in 2009 and was previously known as PRET d'UNION.
Germany: This product is offered to German residents only. When clicking on the product link you will be redirected to the product page in German.Austria: This product is offered to Austrian residents only. When clicking on the product link you will be redirected to the product page in German.
Time deposits accounts are interest-bearing deposit accounts offering higher interest rates than savings accounts. However the money deposited to such account cannot be withdrawn for a specified period of time (term).
The table above shows essential details of selected time deposit products offered to retail customers by the banks in France: currency, interest rate per annum and deposit term. The time deposit accounts terms vary from 1 month to 7 years (84 months).The interest rates are within the range 2.15 - 3.40 %. The interest rates provided in the table do not take into account withholding tax levied on interest income in France.
Average Deposit Rates. In January 2022, average annual deposit interest rate in local currency (Euro) of new contracts with fixed term up to 1 year between credit institutions and retail customers (households) was 0.48 %.
Country Deposit Rating. France's Moodys country ceiling (the highest rating that can be assigned) for deposits in local currency is set to Aaa (prime).
Deposit Guarantee. Time deposit accounts made with credit institutions in France are covered by deposit guarantee scheme up to 100,000 EUR per depositor.
Withholding Tax. Interest income gained on time deposit accounts by non-residents of Franceis not taxed. Interest gained on time deposit accounts by residents of Franceis taxed at 24.00% rate. When the interest is paid, this tax is automatically withhold from the time deposit account by the bank.
