The Livret A rate went from 2 to 3% on 1 February. But there is another regulated savings product, much less known, whose remuneration can now reach 4%.
One piece of good news can hide another. Since Wednesday, the Livret A rate has once again been raised. For the third time in just 12 months, his compensation has increased, thus passing from 0.5% in January 2022 to now 3%. An unprecedented development that allows the savings account preferred by the French to return to a level that it had not seen since 2009.
The Livret A is not the only one to benefit from this new rate. In turn, it also applies to its false twin, the Sustainable and Solidarity Development Booklet (LDDS). But not only. Indeed, there is another risk-free savings product whose remuneration is indexed to that of the Livret A: it is the Livret Jeune.
A rate that can reach 4%
Reserved for young people aged 12 to 25, it has similar characteristics: savings are available at all timesthe interest generated is not taxable and its rate must henceforth be at least equivalent to 3% of the Livret A. The Livret Jeune is marketed directly by the banks and each is free to set a higher remuneration.
This is the case, for example, of Crdit Mutuel, which has just announced that the rate of its Livret Jeune has risen to 4% from February 1. That of Banque Chalus is revalued by 3.20%, as is the Livret Jeune Mozac from Crdit Agricole.
Other establishments, on the other hand, have decided not to improve their rates. This is the case of La Banque Postale with its Livret Jeune Swing which simply drops to 3% from this Wednesday, as does that of Société Générale.
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A restricted payment limit
On the other hand, the Livret Jeune has a size difference with the Livret A. The payment ceiling for the first is limited to 1600 euros against 22950 euros for the second. Good news, however, nothing prevents you from holding both a Livret A and a Livret Jeune.
And you may even be able to enjoy a third booklet that pays even better than these last two: the People’s Savings Account whose interest is now 6.1%, with a payment ceiling of 7,700 euros. An unbeatable placement in the current context, reserved for people with little or no tax.
To open one, you must meet the following 3 conditions: be over 18, file your own income tax return, and not exceed a certain income threshold. If you are eligible, don’t forget to ask your banker for the LEP.
Savings for 18-25 year olds: LEP or Livret Jeune, what is the best alternative to Livret A?