The collection of Livret A at the level before the health crisis

The Livret A garnered 1.87 billion euros net in April according to figures released on Thursday by the Caisse des dépôts et consignations. Even if the collection does not reach that (record) of the month of February, it is approaching the collection before the pandemic.

The booklet A has accumulated 1.87 billion euros in April. This figure is lower than the 3 billion euros of last March or April 2021, which corresponded to a period of confinement in France, with the closure of schools. On the other hand, it is more or less the collection (i.e. the difference between deposits and withdrawals of money) of April 2019, before the start of the Covid-19 pandemic. At the time, the Livret A had garnered 1.9 billion euros.

This flagship savings product is returning to normal, which had already been initiated at the end of 2021. But the doubling of the 1% rate from February seemed to cause a jump in savings, which seems to be fading. By February, deposits had exceeded withdrawals by 2.94 billion eurosmaking it possible to pass the milestone of 350 billion euros collected.

Livret A: the rise in the rate makes it possible to beat a new record

Total outstandings of €485.9 billion for regulated savings

The Sustainable and Solidarity Development Booklet (LDDS), for its part, has 420million euros netwhich is less than the 650 million of March, and than the 840 million of a year ago.

In total, the surplus of Livret A and LDDS deposits totaled 2.3 billion euros over the month, which brought total outstandings to 485.9 billion euros.

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Managed jointly by the Caisse des Dépts and the banking networks, the Livret A is mainly used to finance social housing, while the LDDS is dedicated to the social and solidarity economy, as well as to energy savings in housing.

They are often considered safe haven investments. Last year, the French deposited 15.17 billion euros more than they withdrew on their Livrets A, and 3.94 billion euros on their LDDS.

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