2023-08-01 08:04:19
The People’s Savings Account (LEP) is reserved for the most modest households.
The interest rate of the People’s Savings Book (LEP), this investment reserved for the most modest households and currently capped at 7,700 euros, fell to 6% against 6.1% previously. This decision was announced in mid-July by the Governor of the Banque de France, François Villeroy de Galhau, and the Minister of the Economy, Bruno Le Maire, at the same time as the maintenance of the interest rate at 3%. Livret A for a year and a half.
If the calculation formula provided for by law had been applied, the yield on the Livret A would have risen to 4.1% and that of the LEP to 5.6%. The authorities therefore wanted to promote the People’s Savings Account, held by 9.7 million people, rather than the Livret A. About 9 million people, although eligible, do not hold one.
55 billion euros in assets
Beyond the political aspect of favoring this savings product reserved for the most modest households, the cost is also much lower for the Caisse des dépôts and the banks, as well as for social housing whose loans are partly indexed. on the Livret A rate. With around 55 billion euros in outstandings, the LEP weighs ten times less than the Livret A and the Livret de développement durable et solidaire (LDDS, whose rate is also maintained at 3%) combined .
Contrary to what we previously announced, the LEP ceiling will not increase to 10,000 euros this Tuesday, August 1st. Bercy tells us that he “is working so that the raising of the ceiling” to 10,000 euros is “effective in the fall”.
Top Articles
1690879537
#pay #rate #drops