Give meaning to your savings

Solidarity savings are made up of a wide variety of products. It is collected mainly through three channels: solidarity-based employee savings, solidarity-based products distributed by banks, etc. (sharing products, solidarity life insurance, etc.)and solidarity-based shareholdingwhich involves investing in SSE companies or companies with a social impact, either directly or via platforms. 

What are solidarity savings?

In recent years, so-called solidarity savings have been on a roll. Saving in a socially responsible way means investing your money in projects that have a social, health or humanitarian impact. Its aim is to bring together savers (individuals, professionals, companies, etc.) who wish to invest ethically and responsibly with companies or associations working in these sectors. This type of saving is available through a wide range of "responsible" financial products, some of which are labelled and distributed by several banks.

How do solidarity savings work?

Solidarity savings enable savers to give meaning to their money by supporting projects that have a positive impact on society.This is an approach that is in line with sustainable development and social responsibility. This approach is in line with sustainable development and social responsibility.

The benefits of solidarity savings 

Solidarity savings allow you to :

• Direct your savings towards financing positive impact projects,
• Donate all or part of your interest to an association such as Action Education. You get 66 % back in the form of a reduction in Income Tax.

For example, by committing to the Livret d'Epargne pour les Autres offered by Crédit MutuelIf you are a member of Action Education, you can support its efforts to provide access to quality education for all. A committed and supportive alternative that combines generosity and impact at no personal cost to you. 

Why choose the Livret d'Epargne pour les Autres savings account?

• With this savings account, you choose the proportion (between 50 and 100 %) of your interest income at the end of the calendar year that the bank will donate to Action Education. While you're putting money aside, you're also directly supporting our projects through the interest you earn.
• Crédit Mutuel increases base rate by 0.20 pointsOur aim is to provide you with the best possible support for your commitment. 
• What's more, you'll benefit from advantageous taxation on the interest that is paid back, i.e. 22.2 % compared with 30 % on the income generated that is not paid back. An annual tax receipt is sent to you by Action Education at the beginning of the following year, enabling you to benefit from a tax reduction of 66 %.

In 2023, more than €165,000 was donated to Action Education thanks to the committed products of Crédit Coopératif and Crédit Mutuel.