Better than the Livret A: this booklet allows you to invest up to 100,000 euros and the money is not blocked

Little known to the general public, this savings account can be an alternative to the Livret A for investing a lot of money without it being blocked for years.

It's a phenomenon that's growing year after year and currently affects more than 7 million French people. While more than 57 million people hold a Livret A savings account, nearly 13% of them have reached the maximum limit for this savings product. All have at least €22,900 in this account and cannot add more. Only interest accrues.

As a result, many are looking for a new savings account to invest in. However, the limits are often not very high (around 10,000 euros). However, there is a solution that allows you to set aside up to 100,000 euros and generate interest, while maintaining immediate availability of funds.

After the Livret A, the second most popular savings account for households is the Livret de développement durable et solidaire (Sustainable Development and Solidarity Savings Account), better known by its acronym LDDS (formerly LDD). More than 25 million French people have one. However, with a limit of €12,000, 7 million people can no longer invest in this product, having already reached the maximum. Unless you're familiar with its "little brother," available at CIC.

The bank offers the "LDDS sup." This product allows you to exceed the €12,000 ceiling and reach up to €100,000. This comes with a (small) return but, above all, immediate availability of funds. This is useful for those who want to keep this nest egg available, without tying it up to life insurance, for example.

However, the interest rate on this booklet is very low: while it is currently 2.4% for the classic LDDS, it is only 0.28% (after tax) for its "sup" version, i.e. amounts over €12,000.

So, if Mr. Durand has had €40,000 in his LDDS at CIC since January ^1st , it will earn him €372.40 in interest at the end of the year. Overall, this only corresponds to 0.93% annual interest.

While the "LDDS sup" allows for more available savings, it doesn't allow for sufficient capitalization of the invested amount. How many customers use this product? It's impossible to know. When contacted about the matter, the CIC did not respond to our request for information.