Inflation remained at a very high level in November. According to INSEE, it increased by 6.2% over one year, as in October. This sharp rise in prices will push the remuneration of regulated savings products like the Livret A and its false twin the Livret de Développement Durable et Solidaire (LDDS). The rate of the Livret d’epargne Populaire could reach 6%.
Inflation remains at a very high level in France. After two months of deceleration in August and September, it is, as in October, +6.2% over a year in November, according to provisional figures from the National Institute of Statistics and Economic Studies (Insee) released on Wednesday. This rebound is linked to the upturn in energy and food prices, among others. Bad news that further eats away at the purchasing power of households. But that also has an impact on your savings. Indeed, with the increase in inflation, the Livret A, whose rate went from 0.5% at the beginning of the year 2% on August 1, will again be raised.
Not on 1 November, unfortunately, as the Banque de France could have decided exceptionally, but from 1 February next, when she reviews the situation, as she does every semester. It has already indicated that it would increase the Livret rate on that date.
To calculate it, it takes the average between, on the one hand, the average inflation rate of the last six months and, on the other hand, the average of the interbank rates, at which the banks of the euro zone exchange term money, an index call STR.
A Livret A rate of 3%
And given the outlook for price increases established by INSEE in the coming months, and the evolution of the STR driven by the new rate hike by the European Central Bank, the Livret A rate should reach at least 3% on February 1, or even 3.2% according to the economist Philippe Crevel. The Livret A will therefore strengthen its status as the preferred savings product for the French in the current context.
Professionals: cheapest online deals for limit your bank charges
Livret A is the investment of the year by simultaneously offering security, liquidity, zero taxation and an honorable return in the current context. Admittedly, with inflation above 5%, its real return is negative, but the latter is well above the average return on other savings products, underlines Philippe Crevel.
The rise in the Livret A rate on February 1 will not be the only one. She will also benefit from her fraternal twin, the Sustainable and Solidarity Development Booklet (LDDS) whose remuneration is identical. The savings accumulated on these two savings accounts reached 499.4 billion euros, up 6.5% over one year.
A 6% rate for LEP!
But the big winner will be the Livret d’epargne populaire (LEP). This product, whose remuneration is directly based on price trends, should go from 4.6% more 6%, even 6.5%! However, it is reserved for individuals whose reference tax income is less than 20,297 euros for a single person and 31,137 euros for a couple. Today, 7 million people have an LEP, while approximately 15million individuals can open one at their bank. Now more than ever is the time to claim it.
Up to 160 euros offered to open an account in an online bank