BforBank introduces a high-yield savings account, Livret Bfor+, offering up to 3.50% interest for 12 months, surpassing traditional options.
Promotional savings account launched
BforBank has introduced a new savings account called Livret Bfor+, offering an annual gross interest rate of 3.50% for the first 300,000 euros deposited. This rate is valid for 12 months and will remain in effect until December 3, 2026.Rate changes after promotion ends
Once the promotional period ends or if the deposit limit is exceeded, the interest rate will drop to a base rate of 1.50% gross annually. This rate is lower than the promotional rate but still higher than the standard rate for similar accounts.Tax impact on interest
The interest earned on the Livret Bfor+ is subject to a Flat tax (PFU) of 31.4%, which reduces the net interest rate to approximately 2.40%. This is higher than the current net interest rate of the Livret A, which stands at 1.70%.Account features and security
The Livret Bfor+ is a secure savings account that allows users to access their funds at any time through a simple account-to-account transfer. It can be opened with as little as 10 euros and has a much higher deposit limit compared to other similar accounts.Fees and access requirements
The account is completely free to open and use, with no fees for deposits, management, or closing. To qualify for the promotional rate, users must also open a current account with BforBank. The offer is available through the BforBank mobile app.
