2023-08-06 11:43:03
Money for current household expenses is usually placed in a checking account. In July 2022, demand deposits on current accounts reached 544 billion euros in France. But you should know that for security reasons, the amount deposited in a current account must not exceed a certain threshold.
Indeed, to guarantee the security of the money deposited in a current account, it is necessary to avoid depositing an amount above a certain threshold. Opting for the Livret A or the Livret d’épargne populaire would be a wiser choice in terms of security, but also profitability. You should know that in 2022, the total funds listed on the Livrets A and the Livrets LDDS reached 492 billion euros. As for current accounts, the 544 billion deposited represent an average of nearly 18,430 euros per French household.
In December 2021, the President of the Republic, Emmanuel Macron, had a balance of 166,685.90 euros on his joint Crédit Mutuel current account. With such a sum, one wonders if there is a maximum deposit limit. The answer is no. In reality, you can deposit as much money as you want into your current account. However, it is not recommended to exceed a certain amount for security reasons.
Savings books, a better alternative to the current account
Thus, in the event that the banking establishment were to go bankrupt, the funds deposited in the bank accounts must not exceed 100,000 euros per person. It is therefore important to ensure that the amount on the current account remains below this limit. The concept of a checking account is to hold money for everyday household expenses. In addition to these essential expenses, it is best to transfer excess funds to savings accounts. In this way, one can grow the money instead of leaving it idle.
Moreover, there are very attractive investments that offer attractive rates of return, such as the People’s Savings Account (LEP), intended for the most modest households and which pays up to 6%, or the Livret A and the Sustainable Development Booklet, both of which offer a rate of remuneration of 3%. It is also advisable to distribute the amount of the current account over several savings books at the same time, trying to find a balance that will ensure security and profitability.
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