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The Livret A rate drops to 1%, announces Bruno Le Maire

2022-01-14T12:29:56.195Z

Invited this Friday to the 1 p.m. news on TF1, the Minister of the Economy announced an increase in the rate of the Livret A.



Enough to prevent savings from melting.

Invited this Friday to the 1 p.m. news from TF1, Bruno Le Maire announced an increase in the rate of the Livret A, partly indexed to inflation.

This must drop to 1%, starting February 1, 2022. Since February 2020, its rate has been at 0.5%, after being 0.75% between 2016 and 2020.

"

The rate of the booklet A will double on February 1, the same thing for the booklet of sustainable development and solidarity", declared the Minister of Economy and Finance.

The last revaluation of the Livret A, this low-risk regulated savings account exempt from tax and compulsory deductions, dates back to August 2011.

The Livret A rate is partly indexed to the average inflation rate for the last six months.

The latter has increased, it is now around 2%.

But it also depends on the interest rates prevailing on the money markets and on the action of the government, which can modify it twice a year.

54.9 million individuals

Consumer prices rose 2.8% in December, the same increase as November, INSEE said on Friday.

In 2021, inflation was 1.6%, thus justifying the increase announced by Bruno Le Maire.

Many French people have accumulated money during the Covid-19 crisis, to protect themselves from its hazards.

Among the 120 billion euros saved by the French in 2020, the Livret A account captured a large share, recording a net collection of 26.1 billion euros, a record.

54.9 million individuals have it in France.

Intended for more modest incomes and indexed directly to inflation, the popular savings account goes to 2.2% interest rate, in accordance with “the recommendations of the Governor of the Banque de France”, indicated Bruno Le Maire.

It was 1% until now.

40% of French households are eligible.

Source: leparis

All business articles on 2022-01-14

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