The Livret A rate, a very popular investment among the French, went from 2% to 3% on Wednesday, a level more seen since 2009 but still significantly lower than inflation.
This good news for some 55 million Livret A holders, announced in mid-January, does not erase the fact that with a price increase of 6% over one year in January, the net return is strongly negative. However, no other product offers such a level of interest rate while guaranteeing the capital and being completely liquid, ie with the possibility of withdrawing its funds at any time.
100 euros more interest
Less known than its year, the Sustainable and Solidarity Development Booklet (LDDS) also benefits from this 3% increase. A saver with 10,000 euros on one of these two products will now earn 300 euros over a full year, compared to 200 euros previously.
If the calculation formula, taking into account on the one hand the rise in prices and on the other hand the interbank rates, at which the banks exchange short-term money, had been applied to the letter, the rate would even have been shipping 3.3%.
exceptional circumstances
But central bank governor Franois Villeroy de Galhau preferred to round off slightly, citing exceptional circumstances in a statement. Still at its lowest level of 0.5% in January 2022, the Livret A rate had already doubled for the first time on February 1, 2022 and then again on August 1.
The rate of the People’s Savings Book, reserved for people with modest incomes (maximum 21,393 euros per year for a single person), increases for its part from 4.6% to 6.1%.
Livret A 3%, LEP 6.1%… This new rate hike that awaits you (perhaps) in 2023
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