Regulated savings must be “reformed” and banks must better inform their clients about the risk of loss of value to inflation, deputies Jean-Philippe Tanguy (RN) and François Jolivet (Horizons), authors of a report on the remuneration of popular savings on Wednesday.
The regulated savings “is useful, but we believe that it is necessary to reform it in a sense of more clarity, efficiency and efficiency in terms of performance,” said François Jolivet, co-recompensator of the report, audicited before the Committee of the Assembly of the Assembly, which describes “a maquis of the brochures”, which extends from the book to the business savings book.
The information report related to the remuneration of popular savings and middle classes thus denounces the underutilization of the popular savings book, whose opening is subject to media media, which, however, “remembers much better” than brochure A.
“Therefore, it means that banks play a totally efficient advice role, since they do not carry the savings of the most modest French to the best regulatory investments, when they assume a mission of general interest,” he said.
In addition, when you open a brochure A, “monetary erosion is safe”, because “the formula for calculating interest no longer protects inflation,” explains Jean-Philippe Tanguy.
“The savings that do not know, that they do not understand or have no explanation or information about monetary erosion, in good faith, think that their savings are protected,” but according to Jean-Philippe Tanguy, if it is “protected in nominal, it is not protected before monetary erosion.”
“An offer that is not found anywhere else”
This represents “a problem of moral contract between French savers, particularly the most fragile, and public power and institutions that must protect savers.”
“Between 2020 and 2023, 300 billion euros disappear in purchasing power, or in any case that would be lost, due to monetary erosion and the lack of defense of French savings,” according to Deputy RN.
“In general, banks ensure that the investments that they recommend only in the interest of the client, in the first place, because they wish to serve their clients as well as possible, then because it is the right,” said the French Banking Federation in a statement to AFP.
France, with regulated savings, “offers savers an offer that we do not find anywhere else. For example, brochures A, LDDS and LEP are liquid products, therefore, available at any time, guaranteed, therefore, without risks, without taxi content and with a positive performance determined by public authorities,” the FBF still ensures.
“We would like to remember that the average interest rate in savings deposits in France is 2.1% according to the European Central Bank and, therefore, is 0.6 points higher than that of the euro zone. It is also 3 times greater than that of Germany,” he adds.
Source: BFM TV
