2023-05-06 09:12:12
Barthelemy Philippe
Despite the rise in rates for the Livret A and other popular French booklets, hundreds of billions of euros are sleeping in current accounts, underlines the Banque de France. A problem for the French, who see the value of their savings reduced in the face of significant inflation in France.
The sum is immense. According to the Banque de France, nearly 500 billion euros are sleeping in the current accounts of the French. A particularly counterproductive investment when inflation is close to 6%, indicates the establishment, because current accounts are not remunerated unlike, for example, the Livret A, and its rate at 3%.
Consequently, if you have left 10,000 euros in your current account for several months, your savings have melted away because of inflation because your money has lost its value. And now, you can no longer buy the same thing with your outstanding amount of 10,000 euros as when you put them in your account.
Billions of euros lost
“I used to leave a few thousand euros in my current account. With inflation, this money lost value. life insurance”, indicates to the microphone of Europe 1, Jérémie, key account manager in the automotive sector.
Nevertheless, this management only limits the damage because the interest rates of traditional savings products are far from having caught up with inflation. But, “If all the sums present on the current accounts were placed on the booklets A and the booklets of sustainable and united development, it would be for the French a gain of regarding fifteen billion euros”, underlines Philippe Crevel, director of the Circle of Savings.
And thanks to these 15 billion euros, the French might achieve an average of 500 euros in savings per year for each household.
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