An explanation of the differences in remuneration between the bank accounts of traditional banks and those of online banks, a focus on the different tax reductions and the guarantees in the event of a bank’s bankruptcy. Find the 3 money news that you shouldn’t miss this Thursday, April 18.
1- Differences in savings account remuneration between traditional banks and online banks
According to the latest statistics from the Banque de France published on April 5, bank books are paid on average 0.87% per year (compared to 0.50% in February 2023). But there are profound disparities, as shown by our latest monthly statement on the bank passbook market. Large traditional banks often have savings accounts with low rates, compared to the offers of online banks or brokers. We explain why there are such differences.
2- 1175 euros less on your taxes thanks to these reductions
The average amount of tax reductions for the 7 million households who benefited from them last year amounts to 1,175 euros. Donations to associations helping the most deprived, overseas tax exemption… This average hides very different amounts and average deductions ranging from 246 euros to 14,566 euros. And to benefit from it, you still have to pay taxes. This is the case for a little less than half of the population in France. We take stock.
3- Guarantees in the event of bank bankruptcy
If my bank goes bankrupt, am I at risk of losing all my money held in my current account, my savings accounts and my life insurance? This is the question asked by a MoneyVox reader. The probability of an establishment going bankrupt is low, but it is legitimate to ask what your guarantees are. Two guarantees exist: one for the current account and savings accounts and one for life insurance. 100,000 euros are guaranteed by the Deposit Guarantee and Resolution Fund (FGDR).