While inflation is eating up French wallets more than ever (6.1% in July over the entirety of 2022), the increase in Livret A from 1 to 2%, on Monday, just didn’t arrive. This was accompanied by a rise in the rate of investments by other banks. Sustainable and Solidarity Development Handbook (LDDS), Popular Savings Handbook (LEP), Youth Handbook, etc. 20 minutes Measures high organized savings rates.
Sustainable and Solidarity Development Handbook
On August 1, 2022, the Handbook of Sustainable and Solidarity Development (LDDS) rose 1% to 2%, as did Livret A. As a reminder, its ceiling is 12,000 euros, excluding interest paid by the bank, and can be combined with it.
Good news for young savers aged 12-25: Small savings account rewards will also be increased. Unlike other countries, the state does not interfere with its price and leaves the responsibility to the banks. On the other hand, this rate cannot be lower than the rate of booklet A, and therefore it is also increased to a minimum of 2%. The ceiling is 1,600 euros.
Individual Savings Account (LEP)
Bruno Le Maire, Minister of Economy and Finance, asserts that this is “the most effective investment to protect savings from inflation”. It is also “completely protected from inflation” on which it is indexed, according to François Villeroy de Gallo, governor of the Bank of France.
The LEP, which the government portrayed as a weapon against the general rise in prices, saw the largest wage increase on August 1. While at 2.2%, the people’s savings book rate officially fell to 4.6% on August 1, 2022. The opening of the LEP is subject to the conditions of residence and income, and its ceiling is 7,700 euros.
Credit Motwell Blue Brochure
Livret Bleu is distributed only by Crédit Mutuel. It works almost the same as Livret A, with the difference that it is directly governed by the bank. As of August 1, his salary rate has also increased from 1 to 2%.
Housing Savings Account (CEL)
The Housing Savings Account can be revalued twice a year, on February 1 and August 1, on the basis of 2/3 of Livret A. At the beginning of the month, the rate of CEL decreased from 0.75% to 1.25%. Accumulated savings, which are available immediately unlike the PEL program, make it possible to obtain, on conditions, a home loan or a business loan and a government bonus.
Residential Savings Plan (PEL)
It has become a bad plan in terms of savings, while it is very traditionally used by the French. The Housing Savings Scheme is not entitled to reassessment. Fixed at 1% for six years, the rate of the latter was not increased on August 1, 2022. The €61,200 set fee for this booklet could still see an increase, but it won’t be effective until 2023.