Where the fall in the rate of Livret A ? Set at 3% until February 1, 2025, the remuneration of this product held by 56 million French people tumbled to 2.4%, for Land 1.7% on August 1 2025. And the erosion of the yield of the favorite booklet of savers will continue on February 1, 2026. The result of a Floor inflation and multiple reduction of the European Central Bank (ECB). Two factors that fall into the computation for calculation of the booklet A.
As a reminder, the interest rate of this regulated savings product is revised every six months, February 1 and August 1, depending on the increase in prices excluding tobacco on the one hand and interbank rates (to which banks are exchanged for money). On the side of theinflationINSEE forecasts delivered in its conjuncture note presented Thursday, September 11 confirm its maintenance at low level: after 0.9% in July and 0.8% in August, the price increase in tobacco will appear at 1.2% in September, then to 1.1% until the end of the year. An average of 1.03% over the July-December 2025 period taken into account for the Revision of the rate of booklet A on February 1, 2026.
New boost for the LEP rate?
As for interbank rates (STER rate), in net decline after the numerous rate decreases of the ECB since the summer of 2024 – the last of which in June 2025 -, the average in the second half should be limited to 1.92%, or even less if the Frankfurt institution and its president Christine Lagarde decide with a new drop in rate by the end of the year. Result, the Livret A rate Aequal to the average of inflation outside tobacco and interbank rates, should go back to 1.5% in the best of cases.
A measured drop of 0.2 point of yield compared to its current level of 1.7%, of course, but a new drop anyway. Filled on the ceiling of 22,950 euros, a booklet A will only bring in 344.25 euros in full year… Barely 29 euros per month. As for the popular savings book (THE P) Reserved for modest households, whose interest rate will also be revised on February 1, 2026, it should also be planed. Today set at 2.7%, it could fall to 2%, or slightly more if the governor of the Banque de France and Bercy have granted him a new boost, a habit for several years now.
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