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Posted Jan 26, 2023, 7:00 AMUpdated on Jan 26, 2023 at 10:04 a.m.
The return of inflation and the sudden rise in rates by the European Central Bank (ECB) are creating an unprecedented situation for savers. For the first time in thirty-two years, in fact, insurers are in the process of raise rates return on their funds in euros, the core product of French life insurance.
The average of the rates served varies between 1.80% and 2% for the year 2022, according to the first figures revealed by the companies. A year earlier, the euro fund was yielding an average of only 1.30%. You have to go back more than thirty years to see an increase. The average salary then fell from 7.6% to 8.9% between 1989 and 1990.
