The outstanding amount of Livrets A and Livrets de développement durable et solidaire (LDDS) increased by 3.25 billion euros in January, a poor performance for a month when collection is traditionally high, according to data published Wednesday by the Deposit fund.
The total outstanding amount reached the record level of 568.1 billion euros on January 31 for these two tax-free and easy-to-use savings accounts, with very similar characteristics, compared to 509.7 billion a year earlier (+9.1% ).
In detail, the deposits of French savers exceeded the withdrawals of 2.27 billion euros for the livret A alone in January – bringing its outstanding amount to 417.6 billion (+8.6%) -, and 980 million for the modest LDDS.
These 3.25 billion euros of net collection in January are a very modest level for the first month of the year, generally good for savings thanks to Christmas gifts and a lower level of spending after the holidays. Over the last two years, outstanding amounts had increased by 11.22 billion euros in January 2023 – a record – and by 6.80 billion in January 2022. In both cases, rates would increase the following month.
The poor performance of January 2024 – 12th since the generalization of the distribution of passbooks in all banks in 2009 – can be explained by a certain disenchantmentthe rate having been frozen at 3% by the government while the usual calculation rate should have given 3.9%.
How much will your Livret A earn you?
between February and August 2024? *
* For a stable amount of savings in your Livret A throughout the period, i.e. from 02/01/2024 to 07/31/2024
(1) Official Livret A rate of 3% from 02/01/2024
(2) Rate of 3.9% from the regulatory calculation formula
The two regulated savings accounts have no reason to be ashamed of the euro life insurance funds, with guaranteed capital, whose return reached on average last year between 2.5 and 3%, excluding tax and deductions. social.
2023 life insurance rates: the best returns
LEP in great shape
But they face the competition from other savings products such as term accounts offered by banks or Popular savings account (LEP), a tax-free savings product intended for low-income households.
The LEP has seen a boost since October thanks to an increase in the ceiling, from 7,700 to 10,000 euros. It is less interesting because its rate fell from 6% to 5% on February 1, but its yield remains higher than inflation. Its net collection reached 1.92 billion euros in Januarythe second performance since 2009 (after 2023, narrowly), bringing its outstanding amount to 73.8 billion (+47.9% in one year).
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