Take advantage of a capital-guaranteed, no-cost investment to help your surplus cash grow. At maturity, you'll get your capital back, plus interest. The fixed rate of return is guaranteed for a period determined at the time of subscription.
A professional term account (CAT) is a savings product offered by banks and financial institutions to companies. It works in the same way as a traditional CAT, i.e. it allows the company to invest a sum of money for a fixed period, in exchange for remuneration at a predetermined rate of interest.
The operation of a business term account is simple. The company makes a one-off payment into the account, the amount of which is freely agreed between the company and the bank. The term of the investment is also freely determined, but is generally between 1 month and 5 years.
In return for this payment, the company receives interest at a predetermined rate. This rate is set by the bank and is generally higher than the interest rate on current accounts or traditional savings books.
Interest is calculated on the basis of the capital paid in and the term of the investment. It is paid on maturity of the contract, i.e. at the end of the investment term.
Funds placed in a business term account are frozen for the entire term of the investment. However, you can request repayment before maturity at any time: you must give at least 32 days' notice of this request for early repayment, and the interest rate paid will be subject to a penalty that varies depending on the date of withdrawal, in accordance with the conditions set out in your contract at the time of subscription.
The rates on a term deposit account vary depending on the investment period and the amount of the deposit.
It is important to note that the rates offered on our site may change at any time. When you open your manager.one term account, this rate is fixed and applies for the duration of the contract.
The minimum deposit for a manager.one term account is €10,000.
Your capital is guaranteed at all times, making the Single Rate Term Account a secure savings product.
NB: Insofar as sums are owed by Banque Wormser Frères, investors are exposed to a credit risk on Banque Wormser Frères. The sums in this account are eligible for the Fonds de Garantie des Dépôts et de Résolution (Deposit and Resolution Guarantee Fund) up to a limit of 100,000 euros per customer.
(1) Interest is not capitalised and will be paid at the end of the investment or on early redemption.
(2) Any withdrawal before maturity will result in the Term Deposit being withdrawn in its entirety and closed.
(3) The applicable penalties are specified in the subscription offer.
