The Livret A recorded in February a record level of collection over this month, with nearly 2.9 billion euros harvested, according to figures released Tuesday by the Caisse des Dépôts.
The previous collection record for the second month of the year corresponded to 2.4 billion collected in February 2009, the year during which the marketing of the Livret A was opened to all banking establishments.
Before 2009, only La Banque Postale and the savings bank network distributed this product.
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Last year, the Livret A had also seen a net inflow of nearly 1.2 billion euros.
This booklet thus shows a cumulative net inflow of more than nine billion euros already over the first two months of the year, against around five billion over the same period in 2020.
Considered a safe-haven investment, the Livret A, which nevertheless guarantees a historically low interest rate of 0.5% per year, was a historic success in 2020, with inflows almost twice as high as normal, at more than of 26 billion euros, in the context of economic and health uncertainties linked to Covid-19.
For its part, the Livret de développement durable et solidaire (LDDS) also had a dynamic month of February, with 910 million euros collected, almost three times more than during the same month in 2020. The Livret A mainly finances the social housing, while the LDDS is dedicated to the social and solidarity economy as well as to energy savings in housing.
Thus, the inflows recorded by the Livret A and the LDDS together amounted in February to almost 3.8 billion euros, again a record level for this month.
And over the January-February period, this collection amounts to nearly 11 billion.
At the end of January, nearly 460 billion euros were invested in total on the two, an increase of about 10% over one year.