Booklet A: why its interest rate will tumble on August 1, 2025

The yield of the favorite savings book of the French will undergo a plane this summer. The consequence of the reflux of inflation, which has permanently installed at low level. Here is the remuneration to be expected from the booklet A from August 1.

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  To safeguard
  

  
  
  

  Saved
  

Savers have understood this: the interest rate of the Livret A will fall on August 1, 2025. Devancing the drop in their remuneration, the 56 million holders of this savings product began to withdraw their savings from their booklet Apreferring to direct them to life insurance at the start of the year. Because if its performance is still displayed at 2.4% since February 1 – after a 3% frost for 18 months – it will indeed collapse this summer. The result of the decline in inflation, from 1.6% in January to 0.7% in May, according to provisional statistics published by INSEE this Tuesday, May 27.

However, the yield of booklet A is directly linked to the level of prices since it corresponds half the average of annual inflation excluding tobacco observed between January and June – for a revision on August 1. After 1.6%, 0.7% in February and March, 0.8% in April, the general price increase therefore found a floor of 0.7% in May. Result: in the first half, inflation excluding tobacco should oscillate between 0.87% and 0.90%. The other element to take into account for the calculation of the rate of booklet A, the average of interbank rates (to which banks are exchanged for money), should be fixed at 2.46% over this same period.

Towards massive withdrawals to booklets A?

Thus, by strictly applying the calculation formula, The yield of the booklet would fall to 1.70%. A lower since February 1, 2022 (1%), the last revision preceding the energy crisis caused by the invasion of Ukraine which had made the prices flambé. With this interest rate practically divided by two in six months, a booklet completed 22,950 euros would only pay only 390.15 euros per year (32.5 euros per month), against 550.8 euros (45.9 euros per month) currently.

A calculation that many savers have already carried out: “A continuation of the decrease in the rate of the booklet A could lead 6 out of 10 French people to no longer feed it or close it and 4 out of 10 holders may abandon the booklet to if the yield drops to 1.75%”warns a recent parliamentary report on the remuneration of popular savings and middle classes. A document that recommends in particular Merge booklet A and the popular savings booklet (THE P) to better protect the purchasing power of savers.