French Savers Return to the Livret A Account
Listen to the story
The Livret A is a popular savings account in France. Many French people have it. In July, people put more money into it. The account got 80 million euros more in one month. People had stopped using it for many months. Now they are using it again.
Why did this happen? The interest rate on the Livret A will go up. It will rise to 1.7%. An interest rate is the extra money a bank pays you. People wanted to save money before the rate went up. This is why more people put money in the account in July.
The Livret A is not the only special savings account in France. There is also the LDDS. This account also has a rate change. But experts say the rate change did not change how much money people put into the LDDS.
Vocabulary15 words
- Livret A
- a special savings account in France; many people use it
- interest rate
- extra money a bank pays you for saving money there
- LDDS
- another special savings account in France, like the Livret A
- savers
- people who put money into a bank account to keep it safe
- deposit
- money you put into a bank account
- rise
- to become bigger or higher
- popular
- liked by many people
- account
- a place at a bank where you keep your money
- month
- one of the twelve parts of a year
- France
- a country in Europe
- money
- coins and notes we use to buy things
- bank
- a place that keeps and manages your money
- rate
- a number that shows how much of something, like interest
- special
- different from normal; not usual
- expert
- a person who knows a lot about something
Quiz
Answer key
1. 80 million euros 2. It will rise to 1.7% 3. No, it did not
Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
The Livret A is a popular _____ account in France. Many French people have it. In July, people put more _____ into it. The account got 80 million euros more in one _____. People had stopped using it for many _____. Now they are using it again.
Why did this happen? The interest rate on the Livret A will go _____. It will rise to 1.7%. An interest rate is the extra money a _____ pays you. People wanted to save money before the rate went up. This is why more people put money in the account in July.
The Livret A is not the only special savings account in France. There is also the LDDS. This account also has a rate _____. But _____ say the rate change did not change how much money people put into the LDDS.