The French continue to contribute to their Livret A savings accounts
Savers deposited nearly half a billion euros in August in their Livret A, according to Le Monde.
The French have continued to fund their Livret A, depositing nearly half a billion euros in August, according to an article in Le Monde.
This inflow is part of a broader movement: all regulated savings products returned to positive inflows, after having recorded a cumulative loss of €6.7 billion since the beginning of the year, according to figures cited by Le Monde.
The article consulted does not specify the exact causes of this renewed interest in regulated savings, nor the rate of return on the Livret A in force on the date of publication, nor the distribution between the various regulated savings products concerned.
The Livret A remains one of the most popular savings investments in France due to its liquidity and tax exemption, a status that partly explains the attention paid to its monthly variations in inflows.
Sources
- Les Français continuent de gonfler leur Livret A — Le Monde — Une
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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