-
Can non-residents switch banks in France easily?
Account and card costs are on the rise generally
-
Many Société Générale customers to be charged additional fees from April
There is some good news for international banking and instant transfers, however
-
Why contactless payments under €50 are sometimes rejected in France
The requirement of entering a PIN number for some small purchase is not random
0.75% rate for Livret A until 2020
New move commencing in February
Interest rates on the popular tax-free ‘Livret A’ savings accounts are to be frozen at 0.75% – their lowest ever – until January 2020. The move, which comes into force in February, means the rate will have been at 0.75% for five years as it was first set in August 2015.
With inflation now 1.1% the Livret rate could have risen to 1% under the normal calculation but this would have been against the run of the market.
A new calculation will be in place by the start of 2020.