Professionals in the banking sector maintain their commitments.

Bank rates will increase only very slightly this year, according to the annual survey of the CLCV association published on Tuesday, below the rate of inflation.

The bill for "small consumers", calculated on the basis of an account held by a single person using a limited number of services, will be stable at 66.96 euros per year (-0.01%), assures the association Consumption Living Environment Housing (CLCV).

Those of “average” and “large” consumers (two holders, a medium and large package of services) will amount to 148.76 euros and 208.04 euros respectively, i.e. an increase of 1.24% and 0.89% compared to to 2022.



These changes, mostly effective on February 1, are much lower than inflation, measured at 6.2% over one year in November in France according to the most recent data published by INSEE.

They are also in line with the commitments of the profession made on September 13 after tense negotiations with the Minister of the Economy Bruno Le Maire: not to increase bank rates by more than 2% over the year 2023. Overall, the commitments on the limitation of increases are kept,” notes CLCV.

The cost of service baskets stable

In detail, the few increases “are mainly due to the evolution of card prices, account maintenance fees, insurance of means of payment”, detail the authors of the study.

The “cost of baskets of services (…) is not changing at BNP Paribas, Banque Postale, Crédit Coopératif, HSBC and Société Générale, which has become the SG brand”, they continue.

For small consumers, the association also notes that “à la carte” pricing can be up to three times cheaper than a package.

She also notes that online banks like Boursorama, Fortuneo or Monabanq, “always display competitive prices”.

This annual study covers 118 establishments in mainland France and overseas.

Economy

Purchasing power: Banks will limit their rate increases to 2% in 2023

Economy

Bank rates stable or rising in 2022, according to the dedicated observatory

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