The French are fans of savings accounts. It must be said that the latter present many advantages for their finances. On the other hand, the rate of the Popular Savings Book, LEP, should unfortunately fall.
Towards a reduction in the LEP rate
The LEP is a savings account that was created for low-income households. It is an investment that is very attractive since it has a rate much higher than that of the Livret A. A boon therefore for people who wish to use it.
On the other hand, its rate follows that of inflation, as is the case for the Livret A. And with the decline, its yield could also experience a reduction from February 1, 2025.
Many users are therefore wondering at what rate the LEP will fall next year. First of all, know that annual inflation should be around 1.8%. A figure down compared to previous years.
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And the least we can say is that this news will allow the French to improve their purchasing power. On the other hand, it has a downside for all savers. As said previously, this reduction will impact the LEP rate.
The rate of the Popular Savings Booklet is revised twice a year. Namely: in February and August. Its calculation formula is based on the average inflation excluding tobacco and the Livret A rate.
On the other hand, there is still a gap of 0.50 points. And this, with the aim of always guaranteeing its competitive advantage. On August 1, the LEP rate reached 4%. On the other hand, it is expected to fall further next year.
Predictions for 2025
According to the calculation formula, the LEP rate should logically increase to 3% in February 2025. This drop would be a direct consequence of the slowdown in inflation. However, the government could intervene to limit this decrease.
Philippe Crevel, director of the Cercle de l’Épargne, revealed more on this subject. “With the fall in inflation, the LEP rate could go from 4% to 3%« .
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“The government, however, retains the possibility of not completely following the formula, as it has done on several occasions, notably for the LEP in recent years”he revealed
It is therefore possible that the government decides to limit this decline. And for good reason, if this savings account sees its rate increase to 3%, this means that the Livret A should at least reach 2.5%.
A real drop for the rate which has been frozen at 3% throughout 2024. One thing is certain, there are many parameters to take into account about this famous drop.
Savers, for their part, hope that it will not be too brutal. And for good reason, they always rely on savings accounts to grow their finances. You will have to be patient before knowing more on the subject.
