The measure was announced last July to increase the pill of freezing the rate of the booklet A to 3% until February 1, 2025. And the implementing decree is to be published in the official journal this Friday, according to our information. From this Sunday, October 1, the ceiling of the popular savings account (LEP) is raised from 7,700 euros to 10,000 euros. A boon for many holders since, according to the latest report of the Bank of France on regulated savings, 47% of holders of a LEP have an outstanding amount that has exceeded this limit thanks to interest.
This risk-free investment is accessible to French adults under conditions of resources: thus, in 2023 for example, a single person must not have a 2021 reference tax income greater than 21,393 euros while a couple with two children must earn less than 44,249 euros.
Read alsoSaving: with a booklet A blocked at 3%, on which investment should you bet?
According to the calculations of the Bank of France, 18.6 million French people would be eligible for this regulated passbook but only 9.7 million actually have one today. Among the reasons given: the impossibility of saving for modest households, the priority given to the booklet A, yet less remunerative, or simply the lack of knowledge of the product. The Governor of the Bank of France has set a target of at least LEP 12.5 million.
Towards a reduction of the rate to 5% on 1 February
Raising the ceiling should help to increase its attractiveness. With a rate currently at 6%, this additional 2,300 euros that can be deposited on the LEP earn 138 euros per year in interest. In total, for a booklet filled to the ceiling, it is 600 euros per year that could be automatically added to the capital. Unbeatable.
Problem, the rate of LEP, whose average outstanding is currently around 5,700 euros, should not remain at 6% for much longer. It will be revised on 1 February 2024 and will be equal to the average annual inflation rate recorded in the second half of 2023. And probably thus fall to around 5%.
What still leave the LEP at the top of investments with savings accessible at any time, whose remuneration holds the dragee high to inflation and whose interest is tax-free. So, if you qualify, run open one!