The alternative to the best certificates of deposit
Looking for a short-term investment with full flexibility and strong returns? Manage your cash reserves with Spiko
The best term deposit isn’t one, compare for yourself
One month’s notice is required.
Without penalties
Without notice
Loved by our users
Daily interest
Daily liquidity
Spiko accounts are free
Simple for your accountant
Find out the cost of your idle cash
Every day your money sits idle, it’s working for someone else.
Put your cash to work with no hidden costs
Our rates are always quoted net of fees
They trust us with their cash
Term deposit accounts are not the most efficient option for managing your cash
Opaque rates, varying from client to client
Funds frozen for months
Advance notice and penalties apply for early withdrawals
Your cash deserves more than a term deposit
FAQ
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 12:25 PM CET. If you request a withdrawal before 12:25 PM on a business day, your funds will be credited to your checking account on the same day. Requests made after 12:25 PM or on non-business days will be processed on the next business day. There are no withdrawal limits.
What are the fees for using Spiko Euro?
The only fee for using Spiko Euro is an annual management fee of 0.23% on your deposited funds, calculated daily on a prorated basis. The interest displayed on our website or in our app is always shown net of fees. There are no fees for maintaining a Spiko account, and deposits and withdrawals are free of any transaction charges. Last but not least, there are no custody fees.
What are the risks and how are my funds protected?
Your funds are backed by a Tier 1 bank and are at risk only in the unlikely event of its default. In such a case, your funds remain protected by the portfolio of securities wholly owned by Spiko's funds, which would be promptly liquidated to minimize any potential losses. In the event of residual losses following the liquidation of the securities portfolio, Spiko Euro would hold a senior claim on the bank.
How would I access my funds if Spiko goes bankrupt?
First and foremost, you have no financial exposure to Spiko’s insolvency, as your funds are never on Spiko’s balance sheet. When you deposit funds, they are transferred directly from your checking account to the depositary bank. Likewise, withdrawals are sent straight from the depositary bank to your designated bank account. The account must be in your name, as Spiko cannot be used as a payment method.
That said, Spiko’s insolvency could affect you operationally, as the platform might no longer be available for placing withdrawal orders, for example. Fortunately, Spiko’s products are regulated and supervised by the French Financial Markets Authority (AMF), and their operation does not depend on the distributor. In practice, you can always place your withdrawal orders through the management company by phone or email.
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.