Solidarity booklets are very popular

There are several savings booklets in solidarity, such as the Agir booklet proposed by Crédit coopératif, which lists almost € 916 million in assets at the end of 2021.

Individuals show solidarity. Thus, at the end of 2020, assets in joint savings accounts amounted to 3.26 billion euros. According to the FAIR, this is an increase of more than 25% per year. thus, “Some savers can manage their savings at any time by performing a civil act”says John Salle, head of the Financial Observatory for Social Impact FAIR (formerly Finansol), p World.

This operation requires a donation. “The saver completely or partially waives its annual interest in favor of the association”, he explains. However, there are also those without a generosity mechanism, which aims to finance the social and solidarity economy through loans to specialized agencies.

“Booklets that combine generosity, purposeful donations and transparency »

Recent change from 1is October 2020 allows the owners of the Brochure on Sustainable and Solidarity Development (LDDS) to make a donation to the Social and Solidarity Economy (ESS). This gives them the opportunity to donate all or part of the interest income or capital accumulated in their savings account to players in the world of social and solidarity economy. The latter were selected by the banking institutions that collect LDDS from a list compiled by the National Council of the Regional Chambers of Social and Solidarity Economy (Cress).

Currently, more than 24 million French people have LDDS, which brings 1% net per year, excluding fees, taxes and social security contributions, according to the latest report from the Observatory of Regulated Savings. To give a little more importance to managing their cash, savers can turn to “Solidarity savings books called Finansol, which combine generosity, donation and transparency”says John Salle.

At stake? Significant tax advantage for highly taxable taxpayers. In fact, the saver benefits from a reduction in income tax of 66% or 75% (depending on the beneficiary’s association) of the donation.

Booklet of the Law, booklet Nave…

The first option is possible: the booklet Agir, proposed by Crédit coopératif. It shows almost 916 million euros in assets at the end of 2021. No payment restrictions, “It is paid at a rate of 0.6% gross per year to 15,300 euros, half of which is transferred to one of the partner associations selected by the client,” Clarifies Imad Tabet, director of the private market Crédit coopératif. According to the latest data published by the Banque de France, its rate is much higher than in ordinary banking books, close to 0.10% per year before tax.

Another option: a savings account for others, offered by Crédit Mutuel. It funds non-profit and humanitarian associations such as the League Against Cancer or the Secours populaire français. Its remuneration is fixed at 0.25% gross per year up to a deposit of € 15,300.

Finally, the booklet of the banking cooperative “Nef”. Finansol label, “This booklet allows you to manage money by helping to finance environmental (organic farming, environmental), social (integration companies, social housing) or cultural (art, cultural publishing) projects.”explains to the newspaper Philippe Pascal, head of retail markets Nave World.

Over time, the market has expanded with the help of new players, such as Helios or Green-Got. The latter will soon offer their own solidarity booklets.