The Livret A recorded in October its largest outflow since the end of 2014, withdrawals having exceeded payments by 2.83 billion euros during a month when savers must pay their property tax, according to data released Tuesday. by the Caisse des Dépôts.
Coupled with that of the Livret de développement durable et solidaire (LDDS) - for which withdrawals also exceeded deposits - the outflow totaled 3.4 billion euros in October, the highest since October 2014 (-3.8 billion euros), the year in which the Livret A rate was lowered from 1.25% to 1%.
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By way of comparison, the cumulative outflow of the two booklets stood at just over one billion euros in October 2020, and 2.6 billion euros in October 2019, i.e. before the health crisis linked to the Covid-19.
October is traditionally a pick-up month, mainly because of tax deadlines such as property tax.
Since 2009, he has only been a collector twice, in 2012 due to an increase in the ceilings, and in 2011 with +400 million euros.
Despite a level of remuneration at the lowest 0.5%, the Livret A, which is used in particular to finance social housing in France, has become a safe haven for savers during the health crisis which saw its outstandings jump. .
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Since May 2021 however, with the easing of health restrictions and the resumption of consumption, net inflows have slowed.
Last September, it reached 240 million euros for the Livret A, a relatively low level, while the LDDS experienced a net outflow of 260 million euros.
In total, over the first ten months of the year 2021, the net inflows of the Livret A and the LDDS totaled 20.64 billion euros, indicates the Caisse des Dépôts.
Total outstanding on the two products reached 468.9 billion euros at the end of October, an increase of 5.9% over one year.
