You save every month on a savings account and you want to put your money into social and environmental impact investments. So what are your options? Here is the list of solidarity bank books.
On the occasion of the week of solidarity finance which takes place from November 7 to 14, we ask ourselves the question: how do i make sense of my savings? Which social and environmental impact investments to choose? While life insurance, retirement savings or even employee savings offer the possibility of investing in green funds (SRI, Finansol or Greenfin labeled), these are not the only options. Solidarity bank books are accessible to all portfolios. Another advantage: your money remains available at all times and a simple transfer to your current account allows you to recover it if necessary.
The sustainable and solidarity development booklet (LDDS)
Since 2020, the classic Sustainable Development Booklet (LDD) has become truly supportive, hence its acronym LDDS. Part of the assets collected from this regulated booklet, a false twin of the Livret A remunr 2% net since August 1, is therefore used to finance French SMEs and the social and solidarity economy (ESS), as well as economic work energy in older homes. But according to UFC-Que-Choisir, this share represents less than 30% of LDDS assets, ie around 40 billion euros out of the 130 billion euros deposited on the LDDS at the end of September. The consumers’ association also considers that the banks’ obligations are too meager: they must pay only 15% of the funds for ecological and social projects. However, since October 1, 2020, it has been possible to make a donation to social and solidarity economy structures from your LDDS. Each bank must have at least 10 ESS partners.
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Solidarity booklets
In addition to regulated savings, some banks offer savings accounts whose outstanding and/or interest can be placed in the solidarity economy. The choice of partner associations or funded projects is up to each of the banking establishments. Socit Generale and Banque Postale are proposing to set up a joint interest option on some of their standard savings accounts.
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Beyond the solidarity booklets, there is another category: the sharing booklets. The saver undertakes to pay back 25 100% interest received from humanitarian associations or the solidarity economy, for example.
On the remuneration side, it is not Prou. These booklets are paid between 0.05% and 2% gross. Taxation then passes through there, with a final levy of 30% applied to retained interest, and 22.20% on interest paid to associations. Your generosity will therefore be meager, but concrete, relates UFC-Que-Choisir.
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Concrete example:
You have placed for a year 10,000 euros on a solidarity savings account 0.25% rmunr raw. You have chosen to donate 100% of your interest to an association. After the 22.20% tax levied on the interest paid, it will recover 19.45 euros .
to know: If you do not pay 100% of the interest, the retained interest is however taxed at 30%.
Here is a selection of solidarity and sharing booklets available.
| Bank | Booklet | Minimum payment | Payment ceiling | Main features | Rate |
|---|---|---|---|---|---|
| People’s Bank | Codevair booklet | 10 euros | None | This booklet allows finance energy renovation work | Between 0.15% and 0.65% depending on the establishments |
| CIC and Credit Mutuel | savings account for others | 10 euros | None | 50 to 100% of the interest paid to the 23 partner associations | 0.25% |
| Cooperative credit | Act Booklet | 10 euros | None | 50% of the interest can be reverse 30 structures to choose from. | 0.60% up to 15300euros and 0.05% beyond |
| Credit Mutuel de Bretagne | Solidarity booklet | 30 euros | 22950 euros | This booklet provides 25 100% interest in 10 partner associations | 2% |
| Credit Municipal de Paris | Paris sharing booklet | 50 euros | 50000 euros | 25 100% of the interest can be donated to 3 partner associations, but also finance pawn loans from the Crdit municipal de Paris | 0.70% |
| The nave | The nave | 10 euros | None | The funds are used finance projects with social, ecological or cultural added value through the loans | 0.05% up to 15,000 euros and 0.03% beyond |
| Macif | Solidarity booklet | 10 euros | None | This booklet allows you to transfer between 25 and 100% of the interest one of the 4 partner associations | 1% up to 2000euros of savings and 0.40% beyond |
| maif | Booklet saves differently | 10 euros | None | This booklet gives 25% of its interests in four associations in education. The saver can also donate 1% of their payments | 0.90% up to 5000 euros and 0.10% beyond |
Source: UFC WHAT TO CHOOSE
Donations that benefit from a tax reduction
The amounts paid to organizations enable individuals to benefit from a tax reduction Hight of 66% of the donation or even 75% if the association works for people in difficulty. In the example presented above, the saver will benefit from a tax reduction of 12.83 euros for a reduction of 66% and 14.58 euros for a tax reduction of 75%.
Tax and donations: declare the sums paid to associations, firefighters, etc.
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