The rate of popular savings booklet (LEP), reserved for the most modest households, will drop to 6% on 1 August. And its payment ceiling will be increased from 7,700 euros to 10,000 euros. Bercy confirmed MoneyVox the date of entry into force of the new ceiling. It will not be for August 1st but rather October 1st.
This is an unexpected announcement. This Thursday the Minister of the Economy Bruno Le Maire indicated that the People’s Savings Booklet (LEP), reserved for the most modest households, will see its remuneration increase from 6.1% today to 6% from August 1, 2023 .
And it’s a surprise because its calculation formula predicted that the rate should rise to 5.6% due to the slowdown in inflation. A helping hand intended to boost this savings product which benefits nearly 10 million households while more than 18 million are eligible.
A new ceiling
But another gesture caught the eye. The LEP ceiling will increase from 7700 to 10000 euros, as recommended by the Governor of the Banque de France. A reversal of the situation since questioned by MoneyVox on this subject last summer, he had felt that it was not a priority.
LEP 6.1%: a new ceiling of 10,000 euros for this super booklet?
For his part, the Minister of the Economy told us in the spring that an increase in the LEP ceiling was not planned. Several experts considered for their part that an increase in the ceiling of the LEP was nevertheless a measure of common sense, especially at a time when high inflation is chipping away at the purchasing power of the most modest households.
We will try to have this in place by October 1st
Coming into force this fall by decree
Because the LEP payment ceiling, unchanged since 2002, is set at 7,700 euros, against 22,950 euros for the Livret A, almost three times less. Such a difference which became difficult to understand when the average outstanding amount on the LEP was of 5600 euros in 2021. As a result, half of the LEPs are now at the ceiling according to the Banque de France.
But the deal will therefore change since the ceiling will pass 10,000 euros. According to a recent YouGov survey for MoneyVox, 68% of French people also wanted the LEP ceiling to be raised.
But when will it be? We will try to put this in place by October 1 so that anyone who wants to protect their savings against inflation can do so, said Bruno Le Maire on TF1. Bercy subsequently confirmed to MoneyVox that the new cap will come into effect this fall. through the publication of a decree At Official newspaper.
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