With the economy constantly changing, it is essential to stay informed and make informed financial decisions. This is particularly true for your savings account. With the changes planned for February 2025, it's time to act now to protect and maximize your savings.
In this article we will explore why urgent action is needed and how you can best prepare for these upcoming changes. Stay tuned, because what follows might just be the key to securing your financial future.
Rate of remuneration for savings accounts in 2024
At the end of 2024, the remuneration rates for savings accounts have seen a clear increasethus offering attractive returns for savers.
The Livret A and the LDDS, which are among the most popular products in France, offered a rate of 3%, while the Housing Savings Plan (PEL) offered a more modest return of 2.25%.
On the other hand, the Popular Savings Booklet (LEP) stood out with a particularly attractive rate of 6.1%. However, these rates are not guaranteed in the long term.
Indeed, the period of freezing the Livret A and LDDS rates at 3% will end on January 31, 2025which could lead to a downward revision of these remunerations, thus affecting returns for the months to come.
Pay Rate Forecast for 2025
Experts anticipate lower pay rates for 2025particularly for the Livret A, the traditional savings investment preferred by the French.
Philippe Crevel, director of the Circle of Savings, predicts that this rate could be between 2.7% and 3%. For his part, Eric Dor, director of studies at the IESEG School of Management, estimates the rate at a slightly lower level, between 2.5% and 2.6% from February to July 2025. However, these forecasts remain uncertain.
The French government has the power to set the Livret A rate independently of the projections of economic expertswhich leaves a margin of uncertainty regarding the future returns of this popular savings tool.
The particular case of the Popular Savings Booklet (Lep)
Since August 1, 2024, the Livret d'Épargne Populaire (LEP) has benefited from a remuneration rate of 4%, a more advantageous rate than that of the Livret A, to which it is generally indexed. However, unlike the Livret A, the government retains the possibility of setting a separate rate of remuneration for the LEPthus providing flexibility depending on economic decisions.
So, although this 4% rate is currently applied, LEP holders will have to closely monitor the evolution of the Livret A ratebecause any modification of the latter could lead to an adjustment of the remuneration of the LEP. The official announcement of the Livret A rate will therefore guide savers to anticipate the impact on their savings.
