Don't let your cash sit idle in your current account
Do you have excess funds sitting in a current account, and your bank isn't providing suitable cash management options? With Spiko, earn daily interest in just a few clicks.
Earn daily interest, enjoy daily liquidity
Spiko offer a flexible alternative to term deposits, which lock up your cash, and to life insurance funds, which come with substantial entry, management, and exit fees.
Get started with Spiko.
Try Spiko in just a few clicks without commitment.
Create your Spiko account.
Open a Spiko account in just a few clicks from our web platform: enter your details, secure your account with two-factor authentication, verify your identity with your phone, and you're ready to earn!
Deposit your cash anytime you like.
Make a deposit by bank transfer to the custodian bank, one of the largest in the world.
Every day, your deposit earns interest.
Your cash is growing daily through earned interest. The interest is automatically reinvested, with no action needed from you.
Withdraw your cash at any time, with no fees.
Withdraw all or part of your funds, including interest, with no notice or fees. Withdrawals are processed daily, and your cash will arrive in your current account the same day (if requested before 12:25 PM CET on a business day) or by the next business day.
They trust us with their cash
Your security is our priority
Your cash is backed by the strongest banks in the world. Plus, it is securely held by one of the world's largest custodian banks, a subsidiary of the Crédit Agricole group. Your cash is never held by Spiko.
FAQ
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.
What tax rules apply to individuals in France?
Individual clients who are French tax residents are subject to a flat tax on realized interest, while unrealized interest is not taxed. Realized interest refers to amounts actually withdrawn from the funds, calculated proportionally based on withdrawn amounts relative to the deposited amounts. We provide each French tax resident with a Unified Tax Form (IFU), summarizing transactions and realized interest. Individual clients who are not French tax residents are subject to the tax laws of their country of residence. They do not pay taxes in France.
How long does a withdrawal take?
Withdrawals for individuals 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.