After a drop in the rate of booklet A at 2.4% last February, savings booklets could again experience a decrease from next August. RMC Conso explains to you.
Twice a year, the remuneration rates of savings booklets, in particular booklet A, the sustainable and solidarity development booklet (LDDS) or the popular savings book (LEP), are reassessed by the Banque de France and the government.
In a context of lower inflation, booklet A and LDDS had been lowered to 2.4% on February 1, compared to 3% before. The LEP had seen its rate increase to 3.5% against 4%.
You could receive a new blow from August 1, the date of the new reassessment.
Between 1.5% and 1.7%
To determine the rate, the Banque de France takes into account “the average of the interbank rate of the euro zone and the average of the evolution of the consumer price index, excluding tobacco, on the last semester”, it is explained on the website of the Ministry of the Economy.
Inflation is no longer at its high level. INSEE announced on April 15 that inflation was 0.8% in March over a year. It is also expected at 0.8% in June, according to the last forecast, compared to 2% over the year 2024.
If this is good news for your wallet, it is less so for your savings. Who says slowdown in inflation implies a drop in the rate of booklets. In addition, interbank rates, which are also part of the calculation, are also downward oriented.
But then, at what rate can we expect? Contacted by AFP, many savings specialists await a new rate of booklet A, also valid for LDDS, between 1.5% and 1.7%. Much lower, therefore, at the current 2.4%. According to his calculations, the director of economic studies of the IESEG, Éric Dor, predicted remuneration between 1.6% and 1.7% on August 1.
These are just recommendations from the Banque de France. It is the Ministry of the Economy that will give the end. “With a view to lowering credit and recovery rates of consumption, it is very likely that the Minister of the Economy is to be put behind the calculation of the formula and does not derogate from it,” said AFP Philippe Crevel, director of the Savings Circle.
Be careful, there is still nothing definitive. We will still have to wait for the official inflation figure for the month of June to be certain.
A possible revaluation of the LEP
How much would the shortfall fall? According to capital calculations, at the average outstanding outstanding on booklet A (7,000 euros), gains will amount to 49.58 euros against 84 euros at the current rate of 2.4%.
For holders who have reached the ceiling of 22,950 euros, the interest will amount to 162.56 euros, or 32.51 euros per month. With the current rate, a booklet saturated brought in 275.40 euros, or 49.90 euros per month. So, a monthly difference of 17.39 euros.
And what about LEP? This one experienced a complicated month of May, unlike booklet A. A boost to households is therefore possible. Moneyvox suggests a rate of 2.2% and up to 2.5%, according to Philippe Crevel.
The new rate of booklets will be calculated by the Banque de France in mid-July and transmitted by its governor, François Villeroy de Galhau, to the Minister of the Economy, Éric Lombard. It should be applied on August 1 until the end of January 2026.
The savings book held by 57 million French people has not passed below 2% since August 2022. According to a recent Odoxa-Groupama survey for BFMTV and Capital, 69% of French people think that the rate of booklet A will actually be reduced to 1.7% in August. Business to follow therefore.
