Fall in cascade. With the drop in its rate on August 1, From 2.4% to 1.7%the booklet A has led to other savings products in its fall. The yields of different investments are indeed directly correlated at the rate of booklet A. This is the case, for example, of the sustainable and solidarity development booklet (LDDS) whose rate is always aligned with that of booklet A, and which is therefore also from 2.4% to 1.7%. Ditto for the housing savings account (CEL), whose return always corresponds to two thirds of the rate of booklet A. Finally, if they are not directly correlated, the rate of booklet A also has an impact on the rates served on funds in euros of life insurance contracts.
Conversely, other savings products avoid falling because they cannot display a lower rate than that of the favorite booklet of the French. This is the case of the popular savings book (LEP), which must always be higher at least 0.5%, but also a savings product dedicated to a particular savings audience, the young booklet. If its rate is fixed freely by banks, it can never be lower than that of booklet A. Thus, during the drop in the rate of booklet A, it may be interesting to look at the remuneration of the young booklet, because some banks offer much higher rates.
Yields displayed between 1.7% and 4%
This is the case, for example, of the young CIC and Crédit Mutuel booklet, which are both paid 4%. Among the most generous establishments, we will also cite the Young Credit Crédit Créditif, paired at 3%, the LCL Young Booklet, at 2.7% – at the same level as the LEP – and the Young Macif booklet, at 2.2%. Conversely, other large banking networks do not offer more than the legal minimum, that is to say a rate of 1.7% equivalent to that of booklet A: Banque Populaire, BNP Paribas, Banque Postale and Société Générale. On the side of online banks, Hello Bank! And Monabanq are also limited to 1.7%. As for Fortuneo and Boursobank, they do not offer a young booklet, but other products intended for this same audience whose characteristics are different.
Indeed, the young booklet, as it must be proposed by banks, offers, apart from its rate, the same conditions everywhere: an age limit set between 12 and 25 years, a payment ceiling of 1,600 euros and completely tax -free interests, as on booklet A and LEP. This is not the case with other booklets presented as dedicated to young savers. Thus, if your bank is one of the highest saying in terms of rate, the young booklet can be interesting to accommodate part of the savings intended for booklet A, for people still in age.
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