Livret A: its future rate on February 1, 2025 is still becoming clearer…

The Livret A rate, frozen at 3% for a year and a half, will be revised on February 1, 2025. With inflation falling, a drop seems inevitable, marking the end of a “blessed” parenthesis for savers.

• 
  

  To safeguard
  
  
  

  Saved
  

The end of an enchanted parenthesis? For a year and a half, savers had become accustomed to a fixed rate of 3% on their Livret A account. A “freeze” which will end on February 1, with a drop in yield for the savings account. favorite of the French. Indeed, according to the final data published this Friday, November 15 by INSEE, inflation excluding tobacco fell to 1.1% over a year in October. However, the level of the price increase is decisive in calculating the Livret A rate.

Indeed, the latter results from an equation with two unknowns. On the one hand, therefore, the level of inflation excluding tobacco, measured on average over the six months preceding its revision. On the occasion of the “thaw” on February 1, 2025, it is therefore the average price increase between July and December 2024 that will be taken into account. Average of which we are beginning to have a fairly precise idea, since we can now quantify it definitively at 1.5% between July and October.

A rate of 2.5% on February 1, 2025 is getting closer

Second half of the equation: the average, over these same six months, of interbank rates (€STR), that is to say the rates at which banks borrow from day to day. To date, the average of these rates is displayed at 3.5%and should end the year at this same level. Also, coupled with inflation, the Livret A rate should ultimately land at 2.5% on February 1. For its first revision since August 1, 2023, the fall in the rate should therefore not be too severe. But above all, the Livret A should continue to remunerate savers above inflation expected to be contained between 1% and 1.5% at the end of the year and at the beginning of next year.