It’s now official: the popular savings account will fall from 6% to 5% on February 1, 2024. The rate will certainly fall, but much less than expected. Livret A remains at 3%. The PEL has risen 2.25% since January 1. Overview of regulated savings remuneration in 2024.
5%. Without any social security deduction or income tax. The LEP will remain unbeatable in the range of risk-free savings for the next 6 months, before its next revision on August 1, 2024.
This will be the only regulated savings product so the remuneration will still change in 2024. For the rest, due to the blocking of the Livret A rate, all the rates are known for the whole of 2024. Here are the details of the rate on February 1, the usual chance of rate revision, marked this time by the revision of the one and only LEP.
Regulated savings rates as of February 1, 2024
- A booklet: 3% (net of tax)
- Crdit Mutuel Blue Booklet: 3% (net)
- Sustainable and Solidarity Development Booklet (LLDS): 3% (net)
- THE P: 6% (net)
- Youth savings account: 3% minimum (net), more if the bank decides
- Company savings account: 2.25% (net)
- Housing savings account (CEL): 2% (gross, interest subject to social security contributions but also income tax on CELs opened since 2018) therefore 1.40% net after taxation
- Housing savings plan (for new PELs opened since January 1, 2024): 2.25% (gross) therefore 1.575% net after deductions
Today I proposed to the Minister of Economy and Finance to maintain the rate of the Livret at 3% and to revise that of the popular savings account (LEP) to 5% from February 1, 2024, declared this Monday, January 15 the governor of the Banque de France on the LinkedIn network. Bruno Le Maire, Minister of the Economy and Finance, had previously himself announced the drop in the LEP rate to 5% on February 1 during an interview with readers of the regional daily The voice of the North. And the maintenance of the Livret A – as promised 6 months ago – 3%.
The LEP, a good plan reserved for low-income households
As a reminder, the LEP may well be the most profitable of the passbooks available in France, but it can never be held as widely as the Livret A. Because it is reserved for modest households: to put it simply, those who pay little or no taxes . In detail, households whose reference tax income (RFR) does not exceed 22,419 euros for a single person, or 34,393 euros for a couple.
LEP: how much will the rate cut cost you in 2024?
What rates at the end of 2024?
For Livret A and all products whose remuneration is fixed according to Livret A, there is therefore no need for suspense: the Livret A rate is blocked at 3% until February 2025, at least if Bercy’s promise is respected, since inflation will decline. Result: the Livret A rate will not change in 2024, any more than the LDDS rate or that of the CEL, and young people’s Livret books will remain paid at a minimum of 3% as required by law.
Livret A, LEP, PEL… Which regulated savings product matches your profile?