Livret A is making a successful comeback

The Livret A account resists a month which is usually unfavorable to it. Returning from vacation and back-to-school expenses push, in normal times, households to dip into their precautionary savings, explains Philippe Crevel, director of the Circle of Savings.

Not this year, which is definitely doing well with the Livret A and the Livret de développement durable et solidaire: for the month of September, indicates the Caisse des Dépôts, the collection reached 3.14 billion euros. Over the first nine months of the year, this inflow amounted to 30.60 billion euros, bringing the outstanding amount for the two products to 500.3 billion euros.

Doped for three or four months

The performance deserves to be underlined since over the last ten years, specifies Philippe Crevel, “The Livret A had recorded an outflow five times in September”. But households having benefited from support for their purchasing power (back-to-school bonus, fuel discounts, revaluation of retirement pensions, etc.), this may have led them to “to be able to invest a little more money than before”, comments the economist. Also, he adds, the fear of a deterioration in the economic situation to come may also have pushed households to maintain a “short-term savings effort”.

The product also continues to benefit from the change to 2% of its rate of return since 1^er august. “Traditionally, the increase in the Livret A rate boosts collection for three or four months”, emphasizes Philippe Crevel.

So the popularity of the placement could run out of steam by November? Surely for a short time since ” […] taking into account inflation and interest rates, the yield on the Livret A could rise to 3 or even 3.2% on 1 February next,” concludes the expert.