In February, the rise in the LEP rate enabled the payment booklet to achieve its best collection in almost 20 years. Did the 4.6% change on August 1 allow it to do better?
In August, after raising its rate from 1 to 2%, Livret A recorded the best summer inflows in its long history. Confirmation that on the one hand, the French have the reflex to save in these times of economic uncertainty and that on the other hand, the interest rate effect plays a full role for the payment booklet, whose remuneration has been multiplied by 4 since the start of the year. anna.
Did the Livret d’Epargne Populaire also benefit from this extremely favorable situation? Difficult for him to fight against his illustrious cousin. LEP is, in effect, much more confidential: 7million accounts and 38billion euros in outstandings at the end of 2021, compared to 55million and 324billion for Livret A.
The unequaled February record
Thanks to the return of inflation and a simplification of opening procedures, LEP has nevertheless regained its attractiveness in 2022. Its yield, net of tax, has increased from 1% at the start of the year. 2.2% on February 1, then 4.6% on August 1. And, unsurprisingly, its fundraising is also breaking records.
In August, according to the Banque de France, LEP captured 1.08 billion additional euros. Its second best month since December 2007, behind… February 2022, when collections exceeded 1.5 billion euros. The rate effect therefore existed, but was less powerful.
Savings: LEP 2.2% is a hit
This can be explained by the timing of its revaluation. Opening a LEP, in fact, requires verification by the banker of the income of the future holder. Consequence: few banks allow it to be opened online. Compared to February, LEP has undoubtedly little summer vacationwhich drive customers away from their bank branches.
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Index on inflation (more precisely on its half-yearly average), the LEP rate should a new jump next February and come close to, or even exceed, 6%.