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Bank Of France Calls For Savings Account Returns To Be Trimmed

Tuesday, January 15, 2013 - 3:21 PM
From Reuters
The French central bank proposed on Thursday that the interest rate on regulated, tax-free savings accounts known as Livret A be trimmed to 1.75 percent from 2.25 percent currently.

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It's interesting to see that France has this type of tax-free savings account with state-regulated interest rates. According to the article, the limit savers can put into these accounts is 22,950 euros ($29,900) per account. It's also interesting to see that the French central bank is like our Federal Reserve in how they don't have much concern for savers.
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Ken TuminKen Tumin5,469 posts since
Nov 29, 2009
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