Are your savings accounts no longer profitable enough for your taste? Logic: with an interest rate limited to 1.7% for Livret A and at 2.7% for the Popular Savings Booklet (LEP) since August 1, 2025, the yield on these savings products has plunged compared to their respective peaks of 3% and 6.1% reached in the first half of 2023. And the fall is not over. Because the rise in prices continues to decline, and it is precisely inflation which conditions the remuneration of the Livret A and the LEP. In the month of October, the increase in prices excluding tobacco remained at a very low level, at +0.9%according to the final statistics published by INSEE, this Friday, November 14. Which does not bode well for the performance of your savings accounts.
As a reminder, the yield of Booklet A is revised every six months – February 1 and August 1 -, based on inflation for the past six months and interbank rates observed over the same period. Thus, after 0.9% in July, 0.8% in August, 1.1% in September and therefore 0.9% in October, the price increase is limited to 0.925% on average. If inflation does not exceed 1% in November and December, the half-year average will be at best 0.95%. As for the interbank rates – at which banks exchange money – they stand at 1.93%. Result: the return on Livret A should go from 1.7% to 1.5% or even 1.4% on February 1, 2026. A rate which will also apply to the Sustainable and Solidarity Development Booklet (LDDS), equal to that of the Booklet A.
A helping hand to keep the LEP rate at more than 2%?
For the THE Pit’s even simpler since its remuneration corresponds to inflation excluding tobacco for the six months preceding its revision. Either 0.95% rounded to 1%. Fortunately, the interest rate of the Popular Savings Booklet cannot be lower than that of the Livret A plus half a point, as stipulated in the decree of January 27, 2021 relating to the interest rates of regulated savings products. Consequence: the LEP yield will not be less than 2% or 1.9% in the worst case. A potential drop of 0.7 or 0.8 points compared to his current remuneration which could be mitigated by the governor of the Bank of France, accompanied by Bercy, with a new boost to the LEP rate. A habit from which François Villeroy de Galhau has never departed in recent years.
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