Livret A, LDDS, LEP… When will you receive your 2024 interest and at what rates?

The interest on savings accounts is a bit like Christmas playing overtime. There are only a few days left to wait to receive remuneration from the Livret A, the Popular Savings Book (LEP), the Housing Savings Plan (PEL), the Sustainable and Solidarity Development Booklet (LDDS) and the Housing savings account (CEL). Like every year, the banks will pay them on the night of December 31 to 1^is January. They should reach a record, exceeding 17 billion euros for Livrets A and LDDS alone, and even 20 billion when adding LEPs, according to data published by the Caisse des Dépôts.

In 2024, households continued to hoard at high levels after exceptional years for regulated savings, linked to confinements and sharp increases in yield. The savings rate of the French reached 18.2% of their gross disposable income in the third quarter of 2024, indicates an INSEE economic note, compared to an average of 15 to 17% since the beginning of the 2000s until the end of the 2010s. A slight drop in savings is expected in 2025, due in part to the fall in rates.

Towards a rate cut in 2025

The Livret A rate had been frozen at 3% over 18 months, from August 1, 2023 to January 31, 2025. For an average outstanding balance of 5,000 euros, the remuneration is therefore 150 euros. As with the LDDS, the rate is normally set based on the rise in prices and interbank rates over the past six months, and is revised twice a year, mid-January and mid-July. However, after reaching the historic peak of 7% in February 2023, the consumer price index continues its decline. Expected at 2.4% in 2024 according to the Banque de France, it should register “permanently below the 2% threshold»: 1.6% in 2025, 1.7% in 2026 then 1.9% in 2027. The Livret A rate expected on February 1 will be “around 2.5%», explained on October 31 the general director of the Caisse des Dépôts Eric Lombard, since appointed Minister of the Economy. It will be the same for the LDDS, which follows the same evolution as the Livret A.

The LEP rate should continue its slow decline: from 6.1% between February and July 2023, it rose to 6% between August 2023 and January 2024, then to 5% between February and July 2024 and 4% until January 2025. It corresponds to the highest figure between the average inflation observed over the last six months and the Livret A rate increased by 0.5%. It could therefore potentially settle at 2.9% from February 1. The PEL remuneration rate will be 1.75% in 2025, compared to 2.25% for PELs opened in 2024. This reduction has no impact on plans opened before 1^is January 2025, since the remuneration rate of a PEL is fixed when it is opened and is then guaranteed throughout its lifespan. Finally, the CEL interest rate is 2% gross since 1^is February 2023. This rate is fixed throughout the duration of the account. Please note, unlike the Livret A, LEP and LDDS rates, the PEL and CEL rates are gross and not net of taxes.