The interest paid on the Livret A and the Sustainable and Solidarity Development Booklet (LDDS) during the year 2024 reached a record, at 16.80 billion euroscompared to 15.24 billion euros the previous year, the Caisse des Dépôts (CDC) announced on Wednesday.
Deposits from French savers exceeded withdrawals of 21.42 billion euros from these two savings accounts and bring the total outstanding balance of the two tax-exempt savings accounts to 603.1 billion euros as of December 31, 2024, an increase of 6.8 % (38.2 billion euros) compared to the end of 2023.
The French have turned to savings thanks in particular to attractive returns, but rates will drop to 2.4% on February 1, 2025. This also means that many are giving up investing and making their savings accounts prosper in the meantime. It is from “precautionary savings”. Specialists see this as a sign of the ambient uncertainty and political vagueness in which the country has been plunged for several months, notes Le Figaro. 56 million French people hold a Livret A.
