The livret A garnered 1.37 billion euros in May, a net balance down from the previous month and from last year, according to figures released on Wednesday by the Caisse des dépôts.
The net inflows achieved last month by this investment - very popular, tax-free and whose funds are accessible at any time - is lower than the figures of 1.87 billion euros in April and 1.81 billion in May 2021. After 2020 and 2021, it is nevertheless the third most important collection for a month of May since 2009, the Covid-19 pandemic having encouraged the constitution of savings.
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The Sustainable and Solidarity Development Booklet (LDDS) for its part garnered 160 million euros net, less than the 420 million in March, and than the 510 million a year ago.
In total, the excess deposits in the Livret A and LDDS accounts totaled 1.53 billion euros over the month, which brought the total outstanding amount to 487.4 billion euros.
Managed jointly by the Caisse des dépôts and the banking networks, the livret A is mainly used to finance social housing, while the LDDS is dedicated to the social and solidarity economy, as well as to energy savings in housing.
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They are often considered safe haven investments.
Last year, the French deposited 15.17 billion euros more than they withdrew on their booklets A, and 3.94 billion euros on their LDDS.
Banque de France Governor François Villeroy de Galhau also confirmed to RTL on Wednesday that the Livret A rate will rise again in August. 5% previously.
