Livret A, LEP, PEL: how to know how much interest you will receive in 2024?

On the night of December 31 to January 1, your regulated savings accounts will reward you with their annual interest. Here are three ways to estimate now what your savings will bring you.

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It’s almost time to be rewarded for your savings efforts of the year. On the night of December 31 to January 1, your bank will pay you the interest earned on your regulated savings products: Livret A, Livret d’épargne populaire (THE P), Sustainable and solidarity development booklet (LDDS), Housing savings plan (PEL). On these savings accounts, interest is in fact accumulated throughout the year, and paid only once a year. But you don’t have to wait for that fateful day to find out how much you’re going to get. Which can be useful for anticipating end-of-year expenses!

The first method is to have a calculator. It is indeed possible to calculate how much you earned over the year. These four regulated investments obey the same rule for calculating interest: that of fortnights. The sums invested generate interest if they are placed for a full fortnight (from the 1st to the 15th and from the 16th to the 30th or 31st of each month). Thus, by applying the passbook rate to the amount of your savings each fortnight of the year, it is possible to know how much you will receive on January 1, 2025.

The most precise method is to use your banking app

This method is particularly simple if the amount held in your savings accounts has changed little or not at all this year. Conversely, it can be tedious if you have made frequent withdrawals and transfers, because you need to know how much you had saved for each of the 24 fortnights of the year. In this case, it’s even simpler if you have a banking application on your smartphone or an online customer area. Simply ‘click’ on your savings product, then go to the ‘details’ section where you should find the ‘interest earned since January 1, 2024’.

Finally, if your banking application does not have this functionality, you can still contact your bank directly or go to your branch so that they can tell you the amount of your future interest. And if there is no hurry, you will just have to wait until the beginning of January 2025, the period when banks send the “account statements” digitally or by post. This document shows all of your transactions for the year (withdrawals, payments) and the amount of interest that you will then have acquired.