Booklet A, LEP … Should we abandon your secure investments in 2025?

The guests of the “Great Savings Rendez-vous” (Capital / Radio Patrimoine), Amélie Ziegelmeyer, regional director private management at Laplace, and Alexandre Baradez, responsible for market analysis for IG France, debate the interest of booklets ( Booklet A, LEP, LDDS) this year.

Capital video: should we forget the booklets in 2025?

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The regulated booklets (booklet A, LEP, LDDS) have been a refuge for savers in the past two years. But their attractiveness is crumbling with the perspective of inflation. The Livret A rate increased from 3% to 2.4% on February 1, and that of the popular savings book (LEP) from 4% to 3.5%. Should we completely turn away from it? “If one is not ready to undergo a drop in its capital, it is better to be invested only in security, and therefore stay on booklets”recalls Amélie Ziegelmeyer, regional director private management at Laplace.

However, this strategy should not be systematic: “Having a share of liquidity to deal with the unexpected or seizing opportunities is wise, but 10% to 20% of your savings placed on booklets is more than enough, taking into account current rates”, estimates the specialist. To get more yield, the expert advocates exploring other asset classes: “Real estate and Bond funds are interesting alternatives. Despite the drop in guiding rates, bond yields remain high, but this will not last forever. It may be relevant to lock attractive rates with poorly risky bonds (noted “Investment Grade”, editor’s note) over a period of two to three years. “

Subscribe to obligations via a fund or live can be a good track

Opinion shared by Alexandre Baradez, manager of market analysis for IG France, who highlights the subscription of “live” obligations (via a securities account, for example) without going through a bond fund: “Well rated state or businesses can be an attractive option. For example, American bonds currently offer a return of 5% over 10 years, and even in Europe, some solid signatures exceed 3%. ” Admittedly, the bond option will be always more risky than your booklets – on which your capital is guaranteed at 100% -, but it is possible to control its risk taking while obtaining a higher yield.

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