The rate of booklet A will drop again this year, to 1.7% against 2.4% currently, announced this Wednesday, July 16, 2025 the Ministry of the Economy, a consequence of the level of inflation contained in the first half. The proposal was issued by the Banque de France earlier in the afternoon.
This drop, unprecedented by its magnitude since 2009, will be the second of the year, after a first decrease of 3% to 2.4% on February 1.
The French accumulate more than 600 billion euros in savings on booklets A and LDDS, capped respectively at 22,950 euros and 12,000 euros. These booklets allow them to maintain guaranteed, available and tax exemption. The French are particularly fond. Indeed, pread 80 % of French people have an A booklet.
“This will continue to protect the purchasing power” of the French
The rate of booklet A is calculated every six monthsmid-January and mid-July, from the average inflation rate (excluding tobacco) and an average interbank interest rate depending on European monetary policy, on the semester which has just passed. However, these two elements have been down since the start of the year.
The governor chose for the rate of booklet A, also valid for the sustainable and united development booklet (LDDS), to stick to the strict calculation of the formula. Such a rate remains higher than that of June inflation, measured at 1% over one yearaccording to the latest publication of INSEE.
“The fixing of the rate of booklet A at 1.7% will therefore continue to protect the purchasing power of its holders,” said the Banque de France in a press release. It also offers a bowl of air to social housing players, who borrow from the rate of booklet A, and banks, who will have less interest to pay to savers at the end of the year.
LEP will drop from 3.5 % to 2.7 %
Eminently political, the rate of the booklet has been the subject of frequent derogations in recent years – mainly to the disadvantage of savers.
The remuneration rate of Popular savings booklet (LEP), reserved for modest households, will drop from 3.5% to 2.7%. This rate is the subject of a “boost”, its theoretical formula highlighting it to 2.2%.
“Regular support measures to promote LEP have borne fruit,” said the Banque de France, with “almost 12 million” of LEP open. This total, far from the 19 million eligible, also remains under the target of 12.5 million that the Banque de France had set itself for last summer.
