It was expected: the interest rate of Livret A will dive on August 1. In the wake of inflation, which reflected months after month, the remuneration of this product, owned by 56 million savers, could fall from 2.4% to 1.7% this summer. While the rise in prices excluding tobacco – an indicator which counts for half the yield of booklet A – amounted to 1.6% in January, it dropped to 0.7% in February and March, 0.8% in April, 0.6% in May and 0.9% in June (provisional estimate of total inflation, and not excluding tobacco), according to statistics published by INSEE this Friday, June 27. Result: on the first half, the average annual inflation is therefore displayed at 0.88%.
In order not to fix anything, during this same period, interbank rates – from which banks are exchanged from money – also tumbled, from 2.92% in early January to 1.925% on June 25. On average on the semester, they should therefore be displayed at 2.44%. The formula for calculating the interest rate of booklet A being only the average of these rates and inflation excluding tobacco, the yield of the favorite booklet of the French could drop to 1.7% ((0.88% + 2.44%) / 2), against 2.4% currently and 3% from February 1, 2023 to February 1, 2025.
A boost at the rate of the booklet has improbable
In just six months, holders of a booklet A could therefore see their remuneration divided by nearly twoif the calculation formula is strictly applied. Unfortunately, a hypothesis very likely since the governor of the Banque de France, François Villeroy de Galhau, and Bercy have become used not to derogate from the rule in recent years. This, with the notable exception of Gel of the yield of the booklet A For 18 months between August 2023 and February 2025, decided by the former Minister of Economy Bruno Le Maire… and who had made savers big.
Coup or strict application of the formula? The answer will not be given before Friday, July 11 and the publication by INSEE of final statistics of June inflation, or even on July 15, when the governor of the bank will transmit his recommendation to the Minister of Economy at the latest, Eric Lombard. One thing is certain: as of August 1, the interest rate of the booklet will fall and It will bring you much less. It remains to be seen precisely how much you will lose.
>> Our service – save money by testing our comparator of savings booklets
