US EditionLivret A: the French Continued to Empty Their Accounts in February
15 Articles
15 Articles
The French withdrew more than they deposited on their Livret A in February, according to the figures published on Tuesday by the Caisse des dépôts. Since the autumn and the fall of the rates of pay of the livrets, the French slightly empty their Livrets A, in favor of life insurance. - "Up from the usual trend": why did the French continue to empty their Livret A in February? (Economie).
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NotreTemps.comThe French continued to withdraw money from their Book A in February, an unusual move for this month, to the benefit of life insurance, despite a declining interest rate.
February is normally a month when the French deposit more money than they do. This year, the balance is negative of 740 million euros.
The rate of pay for this savings booklet fell again in early February, to only 1.5%.
While the rate of pay for Book A was further lowered from 1.7% to 1.5% on 1 February, this flagship savings product is still losing ground in favour of life insurance.
Livret A: the French continued to empty their accounts in February
The total amount that the French leave in the Livret A continues to fall. They thus withdrew 740 million euros more than they deposited in February, according to figures published this Tuesday by the Caisse des Dépôts, the organization which manages the majority of sums deposited in savings accounts. Since the fall and the drop […]
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