It is once again with a rather lively tempo that the traditional waltz of fund rates in euros opened, from 1is January, with the announcement by Ampli Mutuelle of an attractive yield of 3.75%.
Other results quickly came in (3.5% for Garance, 3.6% for La France mutualiste, 3% for MAIF and Matmut, 2.7% for GMF Vie and Macif, etc.), confirming the regained competitiveness of these guaranteed capital supports. Doubly driven by the strong propensity of households to save and falling short-term interest rates, life insurance “has regained its place as the preferred investment of the French, and euro funds, which collected 99.1 billion euros over the first eleven months of 2024, are benefiting from this dynamic which should continue at the start of 2025 with a rate of Livret A lowered to 2.4% »observes Philippe Crevel, director of the Circle of Savings.
It is true that, for two years, insurers, anxious to replenish their portfolios weakened by a decade of rock-bottom rates (between 2012 and 2021, the OAT [obligation assimilable du Trésor] ten years, the sector's benchmark index, fell from 2.5% to 0%), compete with commercial gestures to attract their funds in euros, mainly placed in public and private bonds. New money from customers who until then had been pushed towards more risky unit-linked (UC) supports.
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