The French have long considered the Livret A and the LDDS as safe and accessible investmentssymbols of prudent savings. However, in 2025, a surprising phenomenon is emerging: many savers are choosing to empty these emblematic accounts.
This movement intrigues as much as it worriesraising questions about the deeper reasons behind this decision. Is it a reaction to economic, fiscal or societal changes? Or is it a change in mentalities regarding savings? This article explores the factors that could explain this unprecedented behavior among French savers.
Impact of the reduction in the Livret A rate on French savings
The anticipated reduction in the Livret A rate to 2.5% in February 2025 could significantly change the savings habits of the French. This savings product, historically popular for its security and its net-of-tax return, is seeing its attractiveness diminish in the face of an uncertain economic context.
The forecast decline is linked to the decline in inflationbut it risks weakening the confidence of households in their ability to save effectively. As a result, some may turn to riskier investments or consume more, which could influence overall economic dynamics. This situation raises questions about the future of regulated savings in France and its implications for personal finances.
Economic factors influencing collection and discollection
The summer of 2024 was marked by a record collection on Livret A, with an inflow of 1.57 billion euros in July. This trend is explained by fiscal anticipations and caution in the face of economic uncertainty. However, October saw a notable reversal, with a withdrawal of 1.94 billion euros.
Seasonal expenses, such as property taxes and tax adjustmentsencouraged households to dip into their savings. In addition, the appeal of the Popular Savings Booklet (LEP), whose ceiling has been raised, has turned away some savers. These movements illustrate how economic and fiscal factors influence the financial decisions of the French, thus impacting the national economy.
Comparison of savings products: Livret A, LDDS and LEP
The Popular Savings Account (LEP) stands out for its resilience in an uncertain economic climate. With a rate of 4%, it remains attractive for low-income households, often renters and less affected by property tax.
In October, the LEP recorded a positive collection of 210 million euroscontrasting with the withdrawal of Livret A and LDDS. This performance can be explained by the appeal of its higher yield and the recent increase in its ceiling to 10,000 euros. By 2025, although the LEP rate could drop to 3% due to decreasing inflation, it could continue to appeal thanks to its advantageous taxation and security.
