Livret A: withdrawals exceed deposits

This is a first since early 2010. In the month of May, the French have spent more money on their livert A investor.

According to the Deposit and Consignment Office (CDC), withdrawals exceed deposits were $ 310 million. Net inflows (deposits less withdrawals) remains positive on the first five months of the year of 2.49 billion. In late May, are deposited on the Livret A, held by 50 million French people, amounted to 187.4 billion euros.

For its part, the booklet Sustainable Development (LDD) has seen its assets (deposits) to fall by 460 million euros in May

The rate of the Livret A, which is the same as LDD, is blocked since 1 August 2009 to 1.25%, the lowest level since its inception in 1818. However, it should be increased to 1.5% or 1.75% on 1 August, as announced by the Minister of Budget Baroin.

Even increased, the rate will remain below the 4% achieved two years ago.

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