A transparent substrate provided with a stack of thin layers, having an emissivity of at most 0.044, a light transmission of at least 78% and a color saturation value C* of at most approximately 4 in reflection, comprising at least one layer having reflection properties in the infra-red or solar radiation range or both, interposed between a first and second coating comprising a dielectric material, wherein an interlayer comprising material having a refractive index less than that of the substrate is interposed between the substrate and the stack such that the difference in a refractive indices between the substrate and the interlayer is at least 0.07.