are solidarity bank books worth?

You save every month in a savings account and want to invest your money in investments with a social and environmental impact. 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 7 to 14 November, we ask ourselves the question: how do i make sense of my savings? Which social and environmental impact investments to choose? Although life insurance, retirement savings, or even employee savings offer the option of investing in green funds (labeled SRI, Finansol, or Greenfin), these aren’t the only options. The books of the solidarity bank are accessible to all portfolios. Another advantage: your money is always available and a simple transfer to your current account allows you to recover it if necessary.

The booklet on sustainable and solidarity development (LDDS)

Since 2020 the classic Booklet on Sustainable Development (LDD) has become truly supportive, hence its acronym LDDS. Part of the assets raised by this regulated booklet, a false twin of the Livret A remunr 2% net from 1 August, is then used to finance French SMEs and the social and solidarity economy (ESS), as well as the energy of economic work in older houses. But according to UFC-Que-Choisir, this stake represents less than 30% of the assets of LDDS, or about 40 billion euros out of the 130 billion euros deposited on LDDS at the end of September. The consumer association also believes that the obligations of the banks are too small: they it only has to pay 15% of the funds for ecological and social projects. However, from 1 October 2020, it is 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 listed savings accounts exceptional and / or interests can be placed in the solidarity economy. The choice of partner associations or funded projects is up to each of the banking institutions. Socit Generale and Banque Postale are proposing to establish a common interest option on some of their standard savings accounts.

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In addition to solidarity booklets, there is another category: sharing booklets. The saver undertakes to repay 25 100% interest. received from humanitarian associations or the solidarity economy, for example.

On the remuneration side, it’s not Prou. These booklets are paid between 0.05% and 2% gross. The taxation then passes from there, with a final tax of 30% applied to the interest withheld and of 22.20% on the interest paid to the associations. Your generosity will therefore be scarce, but concrete, UFC-Que-Choisir reports.

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Concrete example:

You have placed for a year € 10,000 on a solidarity savings account 0.25% rmunr raw. You have chosen to donate 100% of your interests to an association. After the 22.20% tax levied on the interest paid, it will recover 19.45 euros .

know: If you do not pay 100% of the interest, the interest withheld is still taxed at 30%.

Here is a selection of solidarity and sharing booklets available.

Bank Brochure Minimum payment Payment ceiling Main features Evaluate
People’s Bank Codevair booklet 10 euros Nobody This booklet allows finance energy requalification works Between 0.15% and 0.65% depending on the establishments
CIC and Credit Mortgage savings account for others 10 euros Nobody From 50 to 100% of the interest paid to the 23 partner associations 0.25%
Cooperative credit Booklet of deeds 10 euros Nobody 50% of the interest can be reverse 30 structures to choose from. 0.60% up to 15300 euros e 0.05% beyond
Credit Mutuel de Bretagne Solidarity booklet 30 EUR 22950 euros This booklet provides 25 100% participation in 10 partner associations 2%
Municipal credit of Paris Paris sharing booklet 50 euros 50,000 euros 25 100% of the interest can be donated to 3 partner associations, but also to finance pledged loans from the Crdit municipal de Paris 0.70%
The nave The nave 10 euros Nobody The funds are used finance projects with added social, ecological or cultural value through loans 0.05% up to 15,000 euros e 0.03% beyond
Macif Solidarity booklet 10 euros Nobody This booklet allows you to transfer between 25 and 100% interest from one of the 4 partner associations 1% savings of up to 2000 euros e 0.40% beyond
maif The booklet is saved differently 10 euros Nobody This booklet gives 25% of its interests in four associations in the field of education. The saver can too donate 1% of their payments 0.90% up to 5000 euros e 0.10% beyond


Donations benefiting from a tax reduction

The amounts paid to organizations allow people to do this benefit from tax relief High 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 deduction of 12.83 euros for a reduction of 66% e 14.58 euros for a tax reduction of 75%.

Taxes and donations: declare the sums paid to associations, firefighters, etc.

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