DISTINGO Bank review

The account pays a variable rate, and the headline figure is a range rather than a single number. Set against a savings median across the site, the range reads as market-level rather than standout. Interest is calculated daily and credited to the account monthly, so the balance earns through the month rather than paying in one go.

There is no monthly charge, so holding a balance costs nothing each month, and the model on offer is a no monthly fee one. That keeps the cost side simple and leaves the interest rate as the main number to weigh. Fees elsewhere in the savings market usually come out of the rate you are quoted.

The minimum deposit is small enough to open the account from a modest amount rather than a large balance. On this measure the account sits in the middle of the brands compared, with an entry figure above the site median. Interest starts accruing on whatever is held from the first deposit.

Deposits are covered by EU deposit protection, the French guarantee scheme for euro savings. The account is provided by a French legal entity based in France, and the group also holds a German authorisation recorded on the German register, so the brand is supervised in both markets.

Both deposits and withdrawals run by SEPA transfer only, so a euro account elsewhere is needed to move funds in or out. Interest is calculated daily and credited monthly, so the balance earns through the month rather than paying in a lump. Withdrawals are capped over a short window.

This is an easy-access savings account, so money can be moved at short notice rather than locked for a term. Easy-access accounts are the most common type on the comparison, and this one sits in that group. The rate is variable, so the return tracks the market rather than a fixed promise.

The group was founded in 2013 and is a French bank headquartered in France. The account is provided by a French legal entity, so savings sit with a European bank inside the deposit guarantee scheme. The group also holds a German authorisation under its own licence record.

Support runs on email, phone and a help centre, so help is available by phone as well as in writing. A help centre is the most common channel across the brands compared, and phone support is also common there, which puts this setup in line with the wider field.