Since February 1, 2022, LEP’s annual rate of return has been 2.2% compared to 1% between February 2020 and January 2022. Its net return remains negative – inflation reached 4.8% over one year in April – but better than the Livret A, which pays 1%, or even many life insurance funds in euros.
The association Consumption Housing Living Environment (CLCV) invites banks to better promote the people’s savings account (LEP) reserved for people with modest incomes, the most interesting risk-free savings account, which it considers too underdeveloped in the entire population. It is people over 65 who have this booklet, points to the CLCV. Representing 21% of the population, they hold 53% of assets and 45% of passbooks. Data that raises questions about the promotion made of it, in particular by banking establishments.
7million French people currently benefit from an LEP when the double could benefit from this placement ceiling 7700 euros, exempt from income tax and social security contributions. The popular savings account is reserved for people with incomes not exceeding certain ceilings (20,297 euros per year, for example, for a single person).
It is the LEP that best preserves the interests of savers
Since February 1, 2022, the LEP’s annual rate of return has been 2.2% compared to 1% between February 2020 and January 2022. Since that date, more than 1.5 billion euros have been deposited there. Unheard of for almost 20 years. Outstandings amount to more than 40 billion euros in total.
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Nevertheless, its net return remains negative – inflation reached 4.8% over one year in April – but better than the Livret A, which pays 1%, or even many life insurance funds in euros. the livret A reacts late to inflation and incompletely. Among the regulated savings products, it is the LEP that protects the interests of savers as much as possible. Problem, it is not accessible to everyone, explains MoneyVox Philippe Crevel, economist and director of the Cercle de l’Epargne.
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