Posted Sep 22, 2022, 3:00 PMUpdated Sep 22, 2022, 3:04 PM

Fear of tomorrow prompts savers to fill their woolen stockings. Evidenced by the news record collection in August on the Livret A and the sustainable development booklet (LDDS). Households were sensitive to the rise in the rate from 1 to 2%. The security and liquidity offered by the preferred investment of the French prevail, even if for 2022 its real return should be negative in the order of 4%, given inflation now close to 6%.

The balance sheet is even less productive if you keep too much money in your checking account. “In France, there is still a lot of cash in bank accounts. If you let the money sit in your bank account, it’s minus 6% at the end of the year! warns Pascal Perrier, Director of CGP Networks, Brokers and E-Business at BNP Paribas Cardif.

By w3my7

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