An interest rate halved in just 12 months. This is, barring an unexpected boost, the return that your Livret A should show from February 1, 2026, the date of the next revision of its remuneration. If the news will not be made official until mid-January, the evolution of inflation and interbank rates, indicators taken into account to determine the Livret A rate, leave no room for doubt. From 3% until February 1, 2025, the yield on Livret A could thus fall to 1.5%, after falling to 2.4% on February 1, 2025 then to 1.7% since last August 1.
Because as a reminder, the remuneration of Livret A, reviewed every six months – February 1 and August 1 – is none other than the average of annual inflation excluding tobacco over the past six months and interbank rates (€str, at which banks exchange money) over the same period. For the revision on February 1, 2026, it is therefore the increase in prices excluding tobacco between July and December 2025 which will be retained. After 0.9% in July, 0.8% in August, it rose slightly, to 1.1%, in September, according to statistics published by INSEE this Wednesday, October 15. And according to the institute’s projections, inflation excluding tobacco will be identical (1.1%) over the last three months of the year.
Nearly 46 euros lost in one year with a Livret A at the ceiling
Thus, the price increase will be limited to 1.017% over the period. As for interbank rates, set at 1.927% on October 14, they should remain at this level between July and December 2025, with no further reduction in key rates from the European Central Bank (ECB) being planned to date. Result of the formula for calculating the Livret A rate: a yield of 1.47%, rounded to 1.5%, and which should also have an impact on the rate of the Popular Savings Booklet (LEP). With such remuneration, a Livret A filled to the ceiling of 22,950 euros will only bring in 28.7 euros per month, compared to 32.51 euros since August 1, or 3.8 euros less. Over a full year, the loss will reach nearly 46 euros.
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