the LEP has already won over more than 10 million French people

the LEP has already won over more than 10 million French people
the LEP has already won over more than 10 million French people

A dazzling success for LEP over the past year

The Popular Savings Booklet (LEP) has seen its number of holders increase significantly in recent times, going from 9.5 million in March 2023 to 11.5 million in April 2024. This jump is largely due to the increase in the deposit limit in October 2023, from 7,700 to 10,000 euros, and an attractive interest rate of 5%, well above inflation and other savings products such as Livret A which is at 3%. François Villeroy de Galhau, governor of the Banque de France, declared on RTL: “ We have just passed the milestone of 11.5 million LEP, which is 2 million more than a year ago “. This growth demonstrates the growing interest of low-income households in the LEP.

Despite these impressive figures, the number of French people eligible for LEP remains far greater than the number of accounts opened. According to the General Directorate of Public Finances (DGFiP), around 19 million people could benefit from this booklet. The Minister of the Economy Bruno Le Maire and François Villeroy de Galhau have increased calls to encourage savers to consult their bank and open a LEP. The intensive promotion of this savings product aims to maximize its adoption among eligible households, who could thus better secure their savings.

An attractive return despite a rate cut

Although the LEP interest rate was reduced from 6% to 5% in February 2024, it remains very attractive, especially in comparison with other savings products. Indeed, the LEP yield remains higher than inflation, which makes it particularly attractive in periods of rising prices. Outstanding LEPs reached 76 billion euros in 2024, compared to 55 billion euros in 2023, reflecting savers’ confidence in this product.

François Villeroy de Galhau insists on the importance of opening a LEP: “ There are still millions of French people who would be entitled to this LEP, so they should not hesitate to consult their bank “. In addition to its financial advantages, the LEP plays a crucial role in the budgetary management of households, offering them significant financial security and predictability.

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