France’s most popular regulated savings account to lower its interest rate
France’s most popular regulated savings account to lower its interest rate"
- Select a language for the TTS:
- UK English Female
- UK English Male
- US English Female
- US English Male
- Australian Female
- Australian Male
- Language selected: (auto detect) - EN
Play all audios:
LOWER INFLATION LEVELS CONTRIBUTE TO UPCOMING REDUCTION The interest rate of France’s Livret A savings account will fall by around 0.5% from February, the new finance minister confirmed this
morning. It means the government-regulated and tax-free account will have an interest rate of around 2.5% (down from a current rate of 3%) although the exact figure will be published in
the coming weeks, said minister Eric Lombard in a radio interview on France Inter. “The Governor of the Banque de France, François Villeroy de Galhau, will make a proposal to the Ministry of
Finance, most certainly for a cut,” he said. A change to the interest rate on a Livret A savings account - thought to be held by around 57 million people in France - is linked to the level
of inflation. In February 2023 the interest on a Livret A rose to 3% following an increase in the rate of inflation during the Covid pandemic. Further increases to the account’s interest
rate which were scheduled to follow were cancelled by then finance minister Bruno Le Maire, who locked in the 3% rate. Interest on the account is calculated on the 1st and 16th of each
month, to reach a final amount on December 31 each year. This is then paid either on the final day of the year or the first week of the following year. Livret A accounts are flexible,
allowing for both deposits or withdrawals at any point. Read more: Livret A savings: Why are they so popular? How do I open an account? Interest accumulated is tax-free and does not need to
be declared, however there is a maximum deposit limit of €22,950. This sum can accrue interest which can be retained within the account, but additional sums cannot be added. There is a
limit of one Livret A account per person. Children can also have an account in their name, opened by their parents/guardians.
Trending News
Tennessee man killed pregnant mother and 2-year-old son with car: policeA Tennessee man killed a pregnant mother and her 2-year-old son with his car this week in an "intentional act of vi...
Quirky pub in suburb 10 minutes from newcastle that's like a 'different' worldA PUB IN A GREAT LOCATION BY THE RIVER TYNE IS AT THE CENTRE OF A NEIGHBOURHOOD A SHORT DRIVE FROM NEWCASTLE CITY CENTRE...
Page Not Found.Page Not Found. Hopefully you will find what you are looking for here....
FMG not keen on BC's ore | The West AustralianThe West Australian UPDATE 1.55PM: Fortescue Metals Group has declined to buy low-grade iron ore from its Nullagine join...
Windsor high school senior wins state poetry competitionPRISCA AFANTCHAO WON THE FIRST ANNUAL POETRY OURSELVES STATE COMPETITION. Mar 22, 2021 8:00 am EDT | Updated Mar 22, 202...
Latests News
France’s most popular regulated savings account to lower its interest rateLOWER INFLATION LEVELS CONTRIBUTE TO UPCOMING REDUCTION The interest rate of France’s Livret A savings account will fall...
FMG not keen on BC's ore | The West AustralianThe West Australian UPDATE 1.55PM: Fortescue Metals Group has declined to buy low-grade iron ore from its Nullagine join...
Windsor high school senior wins state poetry competitionPRISCA AFANTCHAO WON THE FIRST ANNUAL POETRY OURSELVES STATE COMPETITION. Mar 22, 2021 8:00 am EDT | Updated Mar 22, 202...
Tennessee man killed pregnant mother and 2-year-old son with car: policeA Tennessee man killed a pregnant mother and her 2-year-old son with his car this week in an "intentional act of vi...
Immigrant Love Story: Songs from Dinesh — AARP3:20 AARP Videos Home and Living Immigrant Love Story: Songs from Dinesh — AARP This South Asian immigrant love story is...