With the increase to 10,000 euros in the LEP ceiling, expected for October, each eligible tax household will soon be able to invest 20,000 euros at 6% net of tax. And, therefore, earn 100 euros in interest per month. Warning: the windfall is likely to be short-lived.
A blow of bamboo on one side, a nudge on the other. At the same time as he chose, last July 13, to freeze the Livret A rate at 3%more than a point below what he should have reported from August 1, Bruno Le Maire, the Minister of the Economy, brought two good news for LEP holders: maintaining its rate of 6% (compared to 5.6% if the calculation formula is applied) and the raising of its payment ceilingfrom 7700euros currently 10000euros, probably from next October 1st.
LEP 6%: new ceiling, 2024 rate, eligibility… 5 questions about this reboost booklet in 2023
100euros per month and per household
The best-paid savings account on the market will therefore become even more profitable. The website Rights-Finance.net did the math: 10,000 euros at 6% net, that simply represents 50 euros in interest per month. Better still, within the same tax household, each of the two members of the married or civil partnership couple can hold a LEP. Clearly, each eligible household will be able to place, as of October, up to 20000euros 6% net of taxes. Either 100 euros of interest per month, net of taxes.
Obviously, to take advantage of the windfall, you will have to be eligible. It should be remembered: the popular savings account (LEP) is not a universal product: not everyone has access, unlike the Livret A. To open or hold one currently, you must show a reference tax income (RFR) less than or equal to 21,393 euros for a single person or 32,821 euros for a married or civil union couple. An income condition met by nearly 19 million French people, while just under 10 million LEPs are currently open. Check, you may be eligible without knowing it!
LEP 6%: you may be eligible for this great booklet, here’s how to find the info
A drop expected from next February
To reap these 100 euros per month, it will also be necessary not to delay too long and top up your account as soon as possible. Because the golden parenthesis could be short-lived: 4 months at most. For what? Because, unlike Livret A, the LEP rate has not been frozen until 2025. It will therefore continue to change every 6 months, with a next chance from February 1, 2024. And there’s no way that’s the upside. The LEP, in fact, is designed to follow the evolution of inflation. However, this should continue to fall: from 5.6% on average in the first half of 2023, it is expected to fall below 5% in the second.