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1 When is the interest paid on your savings?
If the interest on money placed in regulated savings accounts is calculated every fortnight, it is only paid to you once a year. A date that is approaching since it takes place at the end of the year. And that depends on your bank. Some pay interest on the last day of the year, others on the first day of the new year. Still others wait for the first working day of the new year.
According to Moneyvox, Crédit Agricole, Crédit Mutuel, Caisse d'Epargne, CIC and Banque Populaire will be the fastest: they will make the payment from December 31, 2024. Conversely, Fortuneo and La Banque Postale will make the transfer on January 1, 2025. While BoursoBank and BNP Paribas will wait until Thursday January 2. Société Générale and LCL bank will pay interest later, on January 4.
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2 How much will you earn from bank interest?
It all depends on the savings product. The annual interest rate of booklet A is 3%. Deposits are capped at 22,950 euros for individuals. To be able to receive the maximum interest, you must not have touched the amounts paid for an entire fortnight (from the 1st to the 15th of the month, or from the 16th to the 31st of the month). By imagining a saver having reached the ceiling and not having touched his Livret A during the year, the interest paid will amount to 688 euros on December 31.
The sustainable and solidarity development booklet (LDDS) also stands at 3%, but with a ceiling of €12,000 and a restricted eligible population (only adults are eligible). By imagining that you opened this product on January 1st and that you paid €200 every month, you will receive €33 in interest at the end of the year.
The more profitable the popular savings book (LEP): 4%. Between February and July, he was paid 5%. Last January, it was still at 6%. But it is reserved for modest incomes and is capped at €10,000. Half of the LEP holders have funded it up to the ceiling of 10,000 euros and will therefore receive 400 euros in interest.
The rate of remuneration of youth bookletfreely set by the banks, must be at least equivalent to that of the Livret A. A savings product reserved for young people aged 12 to 25, which cannot exceed 1,600 euros.
The rate of housing savings plan (PEL) is fixed at its opening and does not change thereafter. It is 2.25% for PELs opened from January 1, 2024, 2% for PELs opened in 2023 and 1% for PELs opened between 2016 and 2022. The maximum amount that can be placed on a PEL is the same for everyone: €61,200. In the event of a breach, a PEL can generate nearly 967 euros in interest.
The rate of housing savings account is 2% and that of your stock savings plan (PEA)… depends on the stock market return of the chosen investment vehicles (dividends, interest generated, capital gains, etc.). The remuneration of bank savings accounts depends on the rate displayed by each bank.
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3 Why will rates decrease in 2025?
The Livret A rate, also valid for the LDDS, is set according to the increase in prices and interbank rates – the rates at which banks exchange money in the short term – over the last six months. Due to the significant and lasting slowdown in inflation, the remuneration rates of regulated savings accounts are expected to decrease in the coming months.
Today at 3%, the Livret A rate will fall to stand on February 1 “around 2.5%”, explained on October 31 the then general director of the Caisse des Dépôts, Eric Lombard, or even a slightly below, at 2.4%.
The LEP rate should continue its slow decline, since 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. That of the new PELs will increase from 2.25% to 1.75% from January 1.
