The year 2022 will have been marked by two successive rate hikes in February and August, with the yield going from 0.5% to 2% in a few months. And it will continue: according to the governor of the Banque de France, the rate will increase again next February
The French have furnished their Livret A with 600million euros in November, a rather honorable amount for the period, demonstrating their interest in this product, according to data published on Wednesday by the Caisse des Dépots. The Livret A account therefore experienced a rebound compared to October, when cash withdrawals were greater than deposits, which resulted in negative net inflows of around 1.1 billion euros.
A year ago at the same time, the population withdrew 90 million euros more than they had deposited. Since the beginning of the year, thee Livret A account recorded net inflows of nearly 25.8 billion eurosi.e. a level close to the 26.4 billion recorded in 2020, an exceptional year in this respect, marked by the outbreak of Covid-19.
For comparison, the Livret A had earned 15.17 billion euros in 2021 and 12.64 in 2019.
A rate above 3% in February
The year 2022 will have been marked by two successive rate increases in February and August, with the yield rising from 0.5% to 2% in a few months. And it will continue: according to the Governor of the Banque de France, the rate will increase again next February, and in a significant way.
Comparative savings books : 8 offers compare, up 3% yield
The yield on the Livret A could thus move towards 3%, or even a little beyond, given the latest inflation figures, on which the authorities in particular rely to set the rate. The Sustainable and Solidarity Development Passbook (LDDS), for its part, followed the same trend as the Passbook A in November, with net inflows of 430 million euros.
Managed jointly by the Caisse des Dépts and the banking networks, the Livret A is mainly used to finance social housing, while the LDDS is dedicated to the social and solidarity economy as well as to energy savings in housing.
The outstanding amount of the two passbooks reached 500.5 billion euros, an increase of +6.8% over one year.
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