The outstanding amount of Livrets A and Livrets de développement durable et solidaire (LDDS) increased in March, but less quickly than at the start of the year, according to figures published Tuesday by the Caisse des Dépôts (CDC).
In detail, deposits into Livret A accounts exceeded withdrawals by 1.53 billion euros last month, and by 910 million euros for LDDS. The sum of these two so-called net collection amounts, 2.44 billion euros, is twice less than the month of March 2023 (5.99 billion euros), but constitutes a return to pre-Covid averages for the month of March. .
It is also lower than the net collection for the months of January and February, but equivalent to what life insurance did during the first two months of 2024. The appeal of the Livret A and the LDDS, with guaranteed capital and available at any time , is therefore running out of steam somewhat in the face of competition, despite a net rate of 3% competitive with euro life insurance funds, which display an average rate (excluding tax and social security deductions) of 2.6% in 2023, according to an estimate from the Prudential Control and Resolution Authority (ACPR).
The Livret A returns, at the start of 2024, to a more traditional growth rate
After two atypical years marked by the change in the rate from 0.5 to 3% and by the increase in prices, the Livret A returns, at the start of 2024, to a more traditional pace of growth, commented Philippe in a note Crevel, director of the Savings Circle.
The sums deposited in Livrets A and LDDS are 59.5% managed by the Caisse des Dépôts, and intended mainly to finance social housing and urban renewal. The remaining 40.5% is managed by banks, and must be mainly dedicated to bank loans to SMEs.
The three booklets have swelled by 10% over the past year
The Popular Savings Book (LEP), accessible under income conditions, for its part swelled by 950 million euros last month, again according to the CDC, its second best performance in 15 years for a third month of the year , after March 2023.
The three regulated savings accounts, Livrets A, LDDS and LEP, have swelled by 10% over the past year, totaling a record of 10% at the end of March 2024. 650 billion euros.
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