Younited Credit

FranceFrance(AA-)

Deposit amount:Start saving from €2,000 up to €100,000

Deposit Guarantee protection: Up to €100,000.00 payout in EUR

No withholding tax

logo of Younited Credit

Rate

Duration

Currency

Product Type

Rate

2.35% AER

Duration

4 Years

Currency

EUR

Product Type

Term deposit
Term deposit
Save now
Nominal rate

2.35% Gross

AER

2.35% Gross

Compound interest

Yes

Term

4 Years

Availability

Available at maturity

Interest payment

Annually

Interest payment

At maturity

Variable interest rate

Interest rate remains fixed for the agreed term.

Renewal

You can choose to extend this deposit if you enable the option in your Raisin Account

About the Bank

Younited Credit S.A. is an online banking platform for loans that was founded by young bankers in Paris in 2009. Today, Younited Credit S.A. is the leading platform for online credit institutions in France. It is also active in Spain and Italy. The aim of the platform is to provide borrowers with a faster, simpler and cheaper way to obtain a loan than in the traditional banking system. Similar to the principle of the credit marketplace, the platform brings borrowers and lenders together. The services offered by Younited Credit S.A. include loans, car financing, personal loans and debt restructuring.

Deposit Guarantee Scheme

In accordance with EU Directive 2014/49/EU on Deposit Guarantee Schemes, your savings - including interest that has accrued but not yet credited - are guaranteed by the French statutory deposit guarantee scheme up to €100,000 per account holder per bank (keep the latter in mind, should you still hold balances with the bank in question outside of Raisin). Repayment is made in euros. The refundable amount will be made available to the account holder within 7 business days from the time the deposit guarantee scheme comes into effect. The guarantee applies to all natural persons, whether resident in France or elsewhere. Manager and executor of the deposit guarantee scheme is the Fonds de Garantie des Dépôts et de Résolution (https://www.garantiedesdepots.fr/en).

Tax process and documentation

In France, no withholding tax is levied on interest income for persons with permanent residence abroad.

Raisin Bank's role

With Raisin Bank, one login gives you access to competitive savings accounts from banks across Europe, allowing your savings to work even harder. No fees, no paperwork: saving with Raisin Bank is online and hassle-free.