Booklet A: well above the deposit withdrawals in July – Boursorama

Booklet A: well above the deposit withdrawals in July – Boursorama

A Booklet holders have made more withdrawals than deposits in July, up from 1.08 billion euros, according to data released Thursday by the Caisse des Depots (CDC) (AFP / File / Francois Nascimbeni)

A Booklet holders have made more withdrawals than deposits July in the amount of € 1.08 billion, according to data released Thursday by the Caisse des Depots (CDC).

This is the third consecutive month that the withdrawals exceed deposits this savings product, the rate of pay was lowered to 1% on 1 August, a historic low against 1.25% previously.

In the first seven months of 2014, the collection Net on the book Reached 1.20 billion, well below that of a year earlier (15.53 billion euros) but was notably driven by an increase in the ceiling reached in early 2013.

The interest rate on the Livret A can be reviewed twice a year based on a formula that takes into account inflation. If this formula had been followed to the letter, his compensation would have to fall to 0.50%, due to low inflation.

But Bercy decided to limit the fall, offering a payment of 1% on this popular savings product as the booklet Sustainable Development (LDD).

The LDD has attracted more savings French in July, the amount of deposits exceeding 20 million euro higher amount withdrawn in July.

A total of € 369.9 billion were deposited in late July on these two products.

Since 1 January 2013, a A book can contain up to 22,950 euros. Regarding the LDD, the ceiling is set at 12,000 euros.

According to the Bank of France, the French savings rate has yet registered the highest since 2009, verging on 16% of income crude available in the first quarter.

But it is life insurance, and to a lesser extent, contractual savings ELP or PIP type, which captures most of the savings flow according to data from the institution

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