” The passbook A rate will double on February 1, announced this Friday the Minister of the Economy, Bruno Le Maire, in front of the cameras of TF1. It will pass from 0.5% to 1%. This is the first time in eleven years that the rate of the preferred placement of the French has been raised! Since 2011, it had been regularly trimmed until it reached its lowest level at the beginning of 2020. To counter galloping inflation, estimated at 1.6% on average per year over 2021 according to the latest INSEE figures (2.8 % in December year-on-year), Bercy had no choice but to apply the new formula for calculating the rate, modified in 2017. Something to delight the 55 million French people who hold this regulated savings account.
Dual interest
” We strictly follow the recommendations of the Governor of the Banque de France, François Villeroy de Galhau “, specified the Minister, to justify this significant increase…” with strong symbolic meaning “Judge Philippe Crevel, the director of the Circle of savings. In 2011, the passbook A rate went from 2% to 2.25%, before falling again six months later. ” It had since steadily declined to the point of reaching 0.5%, which was the lowest level in its history. The rise in inflation since mid-2021 has led the government to carry out the increase, which, moreover, comes a few weeks before the presidential election. », Analyzes the economist.
In practice, the passage of the rate to 1% for the holder of a Livret A whose outstanding amount is 15,000 euros will therefore increase his annual remuneration from 76.5 to 153 euros. The one who has “filled” his savings medium to the maximum, i.e. €22,950, will collect 220.50 euros interest instead of 114.75.
The rates for French regulated savings accounts will increase from February 1:
? The popular savings account rate will increase from 1 to 2.2%.
? The rate of the booklet A and the booklet of sustainable and solidarity development will double, it will go from 0.5 to 1%. pic.twitter.com/ovn6txYkx0— Bruno Le Maire (@BrunoLeMaire) January 14, 2022
Other regulated savings books also enhanced
In the wake of Livret A, other regulated savings vehicles also benefit from this boost.
– The rate of sustainable and solidarity development booklet (LDDS) will also change to 1%,
– The rate of popular savings account (LEP), held by 7 million French people, will be revalued from 1 to 2.2%, because ” it is directly indexed to inflation “, explained Bruno Le Maire
Remember that the LEP can only be held by households whose income does not exceed certain ceilings (less than 20,000 euros per year for a single person) and therefore do not pay income tax. However, according to tax data, 15 million French people are entitled to it, twice as many as the number of current holders. ” We will therefore ask the banks to promote this booklet and we will send in the coming days, through the Directorate General of Public Finances (DGFIP), an email to all French people who are entitled to the popular savings booklet. promised the minister.