The cleaver is very soon. On August 1, the remuneration of your regulated savings booklets will decrease, given the reflux of inflation. The most popular of them, the booklet, could spend 2.4% to 1.7%, as is the sustainable and solidarity development booklet (LDDS). For its part, the popular savings book (LEP), reserved for modest savers, should be lowered from 3.5% to 2.2%. Does this mean that you must already empty these booklets to redirect your savings to more remunerative investments?
To help you decide, here is what your booklets will bring you back on the last month before the downward revision. You should know beforehand that your booklets generate interest every two weeks (the 16th then the 1st of each month) according to the amount present on your booklet on the previous fifteen days. Thus, two rates will apply in the coming month: for a booklet A, your savings will first be remunerated at its rate (2.4%) on July 16, then at its new rate on August 1. Here, we hypothesize a rate lowered to 1.7% on this occasion.
No more than forty euros of interest for a booklet A on the ceiling
Thus, a booklet has displayed a balance of 7,000 euros (the amount that the French hold on average on this product), interest will be 11.9 euros (4.9 euros per fortnight at the new rate). For a booklet A on the ceiling of 22,950 euros, the interest will amount to 39.75 euros (including 16.20 euros per fortnight at the new rate). According to the same principle, for LEP, we take into account its current rate (3.5%), and its probable rate on August 1, or 2.2%. Thus, for a LEP filled in the average outstanding (6,500 euros) the interest will only be 15.40 euros. And on the ceiling of 10,000 euros, they will not exceed 23.80 euros. Or 5.90 and 9.20 euros respectively per fortnight at the new probable rate.
It should be remembered that within the framework of these regulated booklets, these interests are completely exempt from taxes, and that the new rates, even lowered, will remain higher at the current level of inflation, which should land around 0.9% on average on the first half of the year. However, if these new yields seem too low, you can explore alternative investments to your regulated booklets.
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