No term deposit with Qonto? Discover an alternative
You don’t need to switch banks to grow your cash with a liquid and safe product.
Spiko is the alternative to term deposits :
Our Money Market Funds
Interest paid daily
Fully secured by Treasury Bills
Withdraw anytime, without notice
First deposit from 1,000 EUR or USD
Straightforward for your accountant
Regulated under EU law
Calculate your interest
Your current account is not earning interest. Your term deposit locks up your funds. Spiko puts your cash to work every day — with no lock-ins, ever.
Annualized net yields (after fees) over the past 31 days. Yields are updated daily and may vary slightly depending on Treasury yields.
*Includes a 0.7% welcome bonus for new clients, valid for 6 months.
Daily interest at the risk-free rate
Your money is safely held by Crédit Agricole’s custody division
Put your cash to work with no hidden costs
Our rates are always quoted net of an annual fee of 0.25%
They trust us with their cash
Start earning interest as soon as tomorrow
FAQ
What are the fees associated with using Spiko?
The only fee for using Spiko is a 0.25% annual management fee on your deposited funds, deducted daily on a prorated basis. The interest you see each day is always shown after this fee has been deducted. You have no fees associated with having an account open at Spiko. You also have no transaction fees on your deposits and withdrawals. Finally, you also have no custody fees.
How do you provide daily access to my funds?
Daily liquidity is contractually guaranteed by the fund's prospectus. In practice, the market for Treasury Bills is the second most liquid in the financial system, right after the forex market. This liquidity lets us sell Treasury Bills in large quantities, ensuring we can meet any withdrawal request.
How long does a withdrawal take?
Business transfers are instant for amounts up to €100,000 per day
Withdrawals for individuals and amounts over €100,000 are processed every business day at 10:30 AM CET. If you request a withdrawal before 10:30 AM on a business day, your funds will be credited to your checking account on the same day. Requests made after 10:30 AM or on non-business days will be processed on the next business day. There are no withdrawal limits.
How is the daily interest determined?
Every business day, the fund's administrator calculates the value of the Treasury Bills in the portfolio, which sets the daily interest rate. On Fridays, the interest is tripled to cover the weekend.
Is my capital fully protected?
The Spiko EU T-Bills Money Market Fund exclusively invests in Treasury Bills issued and guaranteed by top-tier countries like France and Germany. While your capital is at risk if any of these countries default on their short-term debt, a sovereign guarantee is usually stronger than a bank's capital guarantee, as banks are more likely to fail than governments. This is why most large companies and institutions prefer parking their cash in Treasury Bills rather than term deposits. To learn more, read our article on capital guarantees.
How would I access my funds if Spiko goes bankrupt?
When you deposit funds, they go directly from your checking account to the custodian bank. Similarly, when you withdraw, the funds are sent directly from the custodian bank to your chosen bank account.Because your funds are never on Spiko’s balance sheet, Spiko’s failure would have no impact on them. In the unlikely event that you cannot place a withdrawal through the Spiko interface, you can request your funds directly from the management company by phone or email. The management company is supervised by the French Financial Markets Authority (AMF) and has a business continuity plan in place to ensure customers always have access to their funds.
Can I use Spiko as an individual?
Absolutely! You can create an account and start using Spiko right away. If you own a company, you can manage personal and business accounts from a single interface. Each account remains separate, so funds cannot be mixed.