operating rate was increased to 6%, but with what results?

Between April 15 and July 15, Garance announced an increased rate offer of 6%. An announcement that prompted many savers to respond on the MoneyVox forum. Was this job finally successful? What salary will be paid on the fund in euros for the year 2024. Elements of the answer.

Between April 15 and July 15, the mutual group Garance announced that an increased rate offer of 6% was implemented. For any payment made (post-subscription, regular or free) to the Garance Epargne euro fund over this period, savers were able to benefit from an increased rate during they kept those amounts on the contract until 15 January 2025 This news had spilled a lot of ink and raised a lot of questions on the MoneyVox forum.

After this and requests from the editors, Garance gave the following answer: “The calculated interest is the interest that the customer will receive at the beginning of the next year as a result of his payment. between April 15 and July 15. »

• example [fourni par Garance, NDLR] for payment 1 000 euros on April 15 and 1% fees will apply when payment is made: With 261 days between 04/15/2024 and 12/31/2024 : 990 * (1+6%) ^(261/261) – 990 = €59.4 interest.
• example [fourni par Garance, NDLR] for a payment of 1,000 euros the 15th from : With 231 days between 05/15/2024 and 12/31/2024 : 990 * (1+6%) ^(231/261) – 990 = €52.4 interest.