The brochure A continues its slow beginning of the year, heavy due to the fall in its rate announced in mid -January, signing the worst month of March for nine years, according to data published on Wednesday by Caisse Des dépôts (CDC). The deposits have only exceeded the withdrawals of 400 million euros in the French French regulated savings product last month, a lower level since 2016.
As in January, this “net collection” is lower than that of the sustainable and solidarity development brochure (LDDs), with a lower roof, counted at 610 million euros in March. The total of the two products raised by the banks last month, 1.02 billion euros, is also at the lowest in nine years, as well as the total collection of two brochures in the quarter (3.53 billion euros, since almost three times less as the 9.08 billion euros in the first quarter of 2024).
A rate of around 1.7% in August
The and LDD brochures are sealed by the fall in the remuneration rate announced in mid -January and effective from February 1, from 3% to 2.4%, and suffer the competition of another savings product also with guaranteed capital: euros of life insurance funds. A new decrease in the brochure rate, around 1.7%, is “probable on August 1,” the president of the Savings Philippe Crevel circle warned in a note.
The two components of the calculation of the formula of this rate are also valid for LDD, inflation and an interbank interest rate that depend on the European Central Bank (ECB), they are decreasing in recent months. However, the robberies of brochures A and LDD reach records on March 31: 444.2 billion euros for the first and 162.4 billion euros for the last one, or 606.6 billion euros in total.
The popular savings book (LEP), reserved for modest savings, also spent a difficult month in March. In January, it shows a low net collection, 140 million euros, for a total pending of 82.8 billion euros. The BPCE group, which gathered in particular banks and popular savings banks, also began this month the commercialization of a competition savings product, the future savings plan Climate (PEAC). This is the first time in France for this plan aimed at guiding savings of children under 21 years towards the financing of ecological transition.
Source: BFM TV
