How much are solidarity bank books worth?

Would you like your savings to contribute to the financing of projects with real social or environmental benefit? Several solidarity savings products allow this.

Putting your savings at the service of others or the environment is possible. Thanks to solidarity savings, your investments can bring you money by financing solidarity and ethical structures or helping to promote renewable energy. These can be, for example, activities related to integration, social housing or even fair trade.

“If life insurance, retirement savings or even employee savings offer the possibility of investing in green funds (SRI, labeled Finansol or Greenfin), these are not the only options. The bank books they are accessible to all wallets, “explains the news site MoneyVox.

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Sharing passbooks, LDDS or even bank savings books

First there is the booklet on sustainable and solidarity development (LDDS) (formerly Codevi). This savings account regulated offers the possibility of making a donation to a social and solidarity economy company thanks to the sums paid on it . As an individual, the process of making a donation is simple. From 1 October 2020, the bank that holds the passbook must offer you a list of at least 10 social and solidarity economy (ESS) partners every year. Once you have made your choice and the amount you want to donate, the bank makes the payment directly from your LDDS.

Alongside the LDDS, some banks offer savings books whose credits and / or interest can be placed in the solidarity economy. These include the booklet Crédit Coopératif Agir or the savings book for others of CIC and Crédit Mutuel. Regarding the choice of partner associations or funded projects, the institutions themselves decide . Note that the partnership books commit the saver to pay between 25 and 100% of the interest received in favor of humanitarian associations or the solidarity economy.

In addition, La Banque Postale and Société Générale allow their clients to add a solidarity interest option to part of their classic savings accounts.

Salary not always incentive

Playing a role in favor of the solidarity economy can be tempting, but the remuneration is a little less so. Self the LDDS shows an interest rate of 2% from 1 August the joint savings accounts are in turn remunerated between 0.05% and 2% gross. Furthermore, as the consumer association UFC-Que-Choisir explains, “the taxation then passes through that, with a final deduction of 30% applied to the interest withheld, and of 22.20% on the interest paid to the associations. So your generosity will be meagerbut concrete.

If you have invested the equivalent of € 10,000 in a full year in a solidarity savings account remunerated at 0.25% gross, and you have chosen to donate all your interests to an association, the latter will receive € 19.45 after the 22.20% tax collected on interest paid. Note that if you don’t pay 100% of the interest, the interest withheld is still taxed at 30%.

Furthermore, “the sums paid to the organizations allow individuals to benefit from a tax reduction of up to 66% of the donation or even 75% if the association works for people in difficulty,” recalls MoneyVox.

Below is a selection of solidarity booklets

Bank

Brochure

Minimum payment

Payment ceiling

Main features

Evaluate

People’s Bank

Codevair booklet

10 euros

Nobody

This brochure allows you to finance energy redevelopment works

between 0.15% and 0.65% depending on the factories

CIC and Credit Mortgage

savings account for others

10 euros

Nobody

From 50 to 100% of the interests devolved to the 23 partner associations

0.25%

Cooperative Credit

Booklet of deeds

10 euros

Nobody

50% of the interest can be donated to 30 structures of your choice.

0.60% up to € 15,300 and 0.05% over

Credit Mutuel de Bretagne

Solidarity booklet

30 EUR

€ 22,950

This booklet allows you to donate from 25 to 100% of the interest to 10 partner associations

2%

Municipal credit of Paris

Paris sharing booklet

50 euros

€ 50,000

From 25 to 100% of the interest can be offered to 3 partner associations, but also to finance pledges of the Crédit municipal de Paris

0.70%

The nave

The nave

10 euros

Nobody

The funds are used to finance projects with social, ecological or cultural added value through loans

0.05% up to € 15,000 and 0.03% over

Macif

Solidarity booklet

10 euros

Nobody

This booklet allows you to donate between 25 and 100% of the interest to one of the 4 partner associations

1% up to € 2,000 savings and 0.40% over

maif

Different savings account

10 euros

Nobody

This brochure allows you to donate 25% of your interests to four associations in the field of education. The saver can also donate 1% of his deposits

0.90% up to € 5,000 and 0.10% over

Source: UFC WHAT TO CHOOSE

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