The cleaver fell for savers. The Minister of Economy and Finance, Eric Lombard, formalized, Wednesday, July 16, the new rates that will apply to livors regulated from August 1, 2025: Booklet A, Popular Savings Booklet (LEP), Sustainable and Solidarity Development Booklet (LDDS), and Housing Savings (CEL). The remuneration of these last two products being always dependent on the rate changes of the A booklet. Regarding the housing savings plan (PEL), its rate was already known since January 1.
You will thus have a complete panorama of the remuneration of your savings for the second half of the year. As you will have understood, this new drop in the rate of booklet A will have a cascade impact on many other secure savings products. Also, for the most prudent savers, it will undoubtedly be necessary to take more risk at the start of the school year to obtain a return higher than that of your favorite booklet. As a reminder, however, most of these savings solutions will continue to pay you over an inflation expected at less than 1% over the year.
Booklet A: a rate still down, from 2.4% to 1.7%
It is an inexorable fall for booklet A and its 57 million holders. After freezing its rate at 3% for a year and a half, the booklet had experienced its first drop on February 1, going to 2.4%. This time, the tumble is even more substantial since the booklet A loses 0.7%. In accordance with the recommendation of the Governor of the Banque de France, the Minister of Economy, Eric Lombard, has decided to strictly apply the calculation rule which, taking into account the decline in inflation and interbank rates, will once again reduce the yield of the favorite booklet of the French. A yield, which, until the end of December, should nevertheless remain greater than an inflation expected at 1% over the year.
In terms of its average outstanding (7,000 euros), a booklet will generate, between August 1 and January 1, 2026 (date of payment by the Bank of Annual Interest) 49.58 euros in interestAnd 162.56 euros If it is filled with the ceiling (22,950 euros).
LEP: a new boost despite a decrease of 3.5% to 2.7%
It is a big blow for the 12.5 million holders of a popular savings book (LEP). The remuneration of this booklet reserved for the most modest savers will fall by 0.8% on August 1. And yet, he will benefit from a new “boost”: under the recommendation of the governor of the Banque de France, François Villeroy de Galhau, the Minister of the Economy has indeed decided to maintain the LEP at a rate of 2.7%, while the latter could have dropped up to 2.2%, taking into account the rate of booklet A (the rate of the LEP must always be greater at least 0.5%). If it is the fifth derogation in a row, the last drop had been less harsh: on February 1, the LEP had increased from 4% to 3.5%. So we could have expected a more generous rate of 3%.
To savers having put aside 6,500 euros – the average outstanding held on this booklet – the LEP will lavish 73.12 euros in interest From August 1, 2025 to December 31, 2025, date of the annual payment of interest. And for half of its holders who have already reached the ceiling of 10,000 euros, interest will amount to 112.50 euros over the same period.
LDDS: a return of 2.4% identical to that of the booklet A
The drop in the rate of booklet A will mechanically lead to that of the sustainable and solidarity development booklet (LDDS) in its fall. Indeed, the latter is still equal to that of booklet A. Thus, its 25 million holders will also benefit from a rate of 1.7% between August 1, 2025 and February 1, 2026 (date of the next rate revision). In terms of average outstanding, 5,800 euros, interest amounts to 41.08 euros between August 1 and December 1 of this year, and 85 euros Over the same period for savers who reached the Ceiling of 12,000 euros from the LDDS.
Pel and Cel: two products with yields at half mast
Let us finish with the rates of the housing savings plan (PEL) and the housing savings account (CEL), two savings products designed to facilitate the obtaining of a mortgage. Savers who will choose to open a PEL this year will benefit from a remuneration for 1.75%in force since January 1, and which will no longer move until December 31, 2025.
But beware, unlike booklet A, LDDS or LEP, the interests of a PEL are now subject to the single flat-rate levy (PFU, or “flat-tax”) of 30%, which gives a net tax rate of 1.225%.
For its part, the CEL rate corresponds to two thirds of that of the Livret A. The latter being 1.7%, the remuneration of the new CEL open from August 1 – Date of revision of booklet A – will therefore be around 1.14%. However, like the PEL, interest is also subject to the PFU, which gives a net rate of just 0.8%. A product which, unlike booklets, should not beat inflation this year.
