Livret A and LEP rates should double on August 1

Livret A and LEP rates should double on August 1

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For the second time in six months, the remuneration of Livret A, set at 1% from 1Ahem February, is about to double. He is ” possible ” that the rate reaches 2%, in fact, declared François Villeroy de Galhau, governor of the Banque de France, on July 13 in Franceinfo.

Each semester, the latter is responsible for calculating the rate, based on a formula established by the government by decree, which takes into account half of inflation, half of short-term interbank interest rates.

Also read: The “liver A reflex”, from the health crisis to the war in Ukraine

for the 1Ahem August recommends the application of this recipe without reinforcement: “From our point of view, there is no justification for making an additional exceptional gesture, the formula gives a significant increase for savers. »

It even doubled again, and although it is much higher than the average remuneration of taxed bank books (0.09%, according to the Banque de France), a rate of 2% would still be much lower than inflation, at 5.8% in June. more than a year, according to figures published this Wednesday by the National Institute of Statistics and Economic Studies (Insee). Bercy, for the moment, has not wanted to confirm this rate, which will also be applied to the Sustainable Development and Solidarity Book (LDDS).

800,000 LEP vacancies

The ministry does not intend to reveal for the moment what the remuneration of the Popular Savings Book (LEP) will be, currently at 2.2%. For this lesser-known booklet, accessible subject to the means test (for a couple with two children, for example, therefore three tax shares, the maximum reference tax income limit is set at 41,977 euros), the Governor of the Banque de France simply explained that the rate would be “clearly” superior to that of Livret A and that an exceptional gesture was not justified here either.

Without reinforcement, the LEP rate must be equal to either the inflation of the last six months (without tobacco), or the Livret A rate plus 0.5 points, the more favorable of the two options being maintained. In this context of rampant inflation, it is the former that should be used. “The rate will therefore be close to 4.5% a priori”calculates Philippe Crevel, founder of the think tank Le Cercle de l’épargne.

read also Article reserved for our subscribers Savings: Where does the money deposited in the LDDS booklet go?

On Franceinfo, Mr. Villeroy de Galhau urged the many potential beneficiaries of the LEP who still do not benefit from this right to seize it, suggesting however that the use of this historically low brochure is increasing: 800,000 would have open in the first five months of the year, he said. This could slightly increase the LEP detention rate, which at the end of 2020 was just over 13% of people over 18, while around half of adults are entitled to it (about 25 million people). , according to the Banque de France. (less than 7.2 million LEPs were open at the end of October 2021).

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