And two. After having seen its rate raised from 0.5% to 1% on February 1, the Livret A rate will drop to 2% on August 1, confirmed the Minister of Economy and Finance in an interview with the Parisian.
As for the Popular Savings Book, reserved for households not exceeding 20,296 euros of taxable income for a single person, its rate will reach 4.6%! We have to go back to 1998 to have a comparable LEP rate (4.5%).
The government has followed the recommendations of the Banque de France made this week to support the remuneration of savers in the face of rising prices
while inflation in France was confirmed at 5.8% in June, according to INSEE figures published on Wednesday.
The remuneration of the Livret A, held by some 55 million people in France, will thus be raised to its highest level since 2012, even if it will still remain well below the rate of inflation. ” In the current situation, no other product offers so much security,” welcomes Bruno Le Maire. ” The investment is guaranteed and the interest is tax-exempt. You can release your money whenever you want and the return is guaranteed at 2% “, he underlined.
459€ of potential interest per year
Concretely, if a Livret A is filled up to the maximum ceiling of €22,950, the annual interest will go from €229.5 to €459. With €10,000 on his Livret A, the surplus is €100 per year (from €100 to €200), or just under €17 per month.
At the ceiling, the Livret A and the LDDS (which applies the same remuneration but with savings limited to a maximum of €12,000), make it possible to invest a secure and tax-free amount of practically €35,000 which could generate around €700 in annual interest.
LEP: an unprecedented rate since 1998
For the Popular Savings Book, the rate increased to 4.6%, filled to the ceiling of €7,700, the interest will yield around €354 in annual interest. The LEP will thus be by far the best-paid short-term investment to compensate for inflation.
underlines the economist Philippe Crevel, director of the Cercle de l’Epargne.
François Villeroy de Galhau, the Governor of the Banque de France, also calls on French people who are eligible to open this booklet, knowing that a couple (2 shares) must for example justify annual income not exceeding €31,137.
According to the Governor of the Banque de France, 800,000 people have already opened a LEP since the beginning of the year, but many eligible French people still do not have one. About 7 million people now have an LEP when between 15 and 20 million could potentially open one.
In order to promote these booklets, Bruno Le Maire announced the launch of a new communication campaign with the General Directorate of Public Finances ” who will make direct contact by email with the French people concerned “.