2023-10-22 19:10:00
This is the question that bothers the beneficiaries of the Livret A… Is it possible to lose all your money in the event of bankruptcy?
If a French bank is forced to go bankruptyour Livret A will it have repercussions? What are the risks and guarantees for this savings account?
Livret A remains the darling of the French
In France, there are several booklets that allow you to protect your money. Some are more interesting than others. Like LEP.
In fact, the latter earns you 6% interest. Moreover, its ceiling increased from 7,700 to 10,000 euros this month of October. But beware ! You must meet certain conditions to be able to open it. There is also the LDDS which is at 3%.
However, the French prefer Booklet A. The reputation of the latter has surpassed that of life insurance. And yet, its pay rate is lower than that of the LEP. In fact, know that it has increased to 3%.
In 2023, there are more than 391 billion euros invested there. This savings account therefore becomes the best investment. And for good reason ! You can invest up to 22,950 euros there. Please note that you will not pay taxes or social security contributions.
According to Ifop, 82% of men and 95% of women do not want to take risks with their money. This is therefore the reason why the Booklet A is therefore a safe bet! Economist Philippe Crevel said more regarding the success of this investment.
“This account draws its strength from security, liquidity and zero withdrawals. As for these three factors, there is also good profitability. It’s no surprise that the collection is soaring. »
“It is therefore the best investment for the French. To protect yourself from rising prices even if it only covers half of them.”
But then the question arises, what happens if your bank fails? Could this have an impact on Booklet A?
This is what you risk in case of bankruptcy
After years of work, are you at risk of losing all your money if the bank fails? This is a question that comes up very often! So our colleagues from cafebabel.fr gave an answer.
In the case of A booklet, that would be very problematic! Because it is held by 55 million French people. It also has the reputation of being a risk-free investment.
Rest assured, your bank protects your money, even in the event of bankruptcy. And for good reason ! There is a bank deposit guarantee. It is therefore a measure that covers all customers.
In reality, the Deposit Guarantee and Resolution Fund (FGDR) has existed since 1999. Its aim is to compensate you in the event of your bank’s bankruptcy. And this, within seven working days.
Good news, compensation is 100% for Booklet A. But also for the LDDS and the LEP. An article in Le Monde said more: “The guarantee is limited to €100,000 for money deposited in current accounts, ordinary savings accounts.
“And on the Youth Booklet, the PEL. » Thierry Dissaux, chairman of the board of directors of the FGDR adds that in the days following the bankruptcy, “ we would open a secure space on the Internet for its customers”…
“On which you should register and indicate the number of your new bank account, so that the compensation can be paid.”
However, the FGDR does not cover life insurance or stocks. In this case, it covers a maximum of 100,000 euros per depositor and per bank. There is also a guarantee of 70,000 euros for a securities account or a PEA.
Shay Coquelit
Hi, I’m Shay, web editor specializing in celebrity news and TV shows. Since I was little, I have loved following the Cannes festival. For six months, I have been writing articles in the People, cinema and media section. My passion for these fields is reflected in each of my articles. Stay tuned to Tuxboard for my latest news and analysis!
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