Livret A: a downward trend in collections after 2023

In 2023, Livret A recorded a remarkable increase in its collection, reaching 36 billion euros, thanks in particular to its attractive interest rate of 3%. Likewise, the LEP and the LDDS, also driven by high yields, experienced significant growth. For this year, the trend seems to be downward, but there is no cause for alarm.

A collection similar to the average of the last 10 years

Despite a remunerative rate maintained at 3%, the savings book the most popular with the French experienced a decline during this year 2024.

Last July, net collection amounted to 1.57 billion euroscompared to 2.27 billion euros in the same period of 2023.

This amount, however, remains at a level similar to the average of the last 10 years, which stands at 1.6 billion euros.

A drop in collections which can be explained by the stabilization of the economy

Traditionally, the French tend to rush to secure savings in times of uncertainty. This is how the sharp acceleration in inflation in 2023 stimulated collections on regulated savings accounts, in particular Livret A.

However, with the gradual return to economic stability, the behavior of savers is changing. The Banque de France anticipates inflation of 1.5% for 2025, compared to 3.2% for this year 2024 and 4.3% in 2023. This calmer context could encourage the French to reduce their payments on the Livret A.

ImportantTherefore, after an exceptional year 2023 in terms of collections, it is likely that the rate of deposits on this investment will moderate, or even decline slightly in 2025.

The A booklet competes with life insurance

In September 2024, the volume of life insurance collections exceeded 12 billion euros, an increase of +10% over a period of one year. This renewed interest constitutes one of the causes of the decline of the Livret A.

The latter is in fact penalized by its ceiling, set at 22,950 euros, unlike the insurance contract. Moreover, Euro funds which are renowned for their security are regaining performanceencouraging cautious savers to place their savings in units of account.