In November, the French saved massively: 600 million euros deposited in the Livrets A this month. An honorable amount given the period, demonstrating the general interest in this product.
On Wednesday, data published by Caisse des dépôts for the month of November showed a rebound compared to October, when cash withdrawals had been greater than deposits, which had resulted in a negative net inflow of l order of 1.1 billion euros. A year ago at the same time, the population withdrew 90 million euros more than they had deposited.
The return on this booklet went from 0.5% to 2% in a few months
Since the beginning of the year, the Livret A account has recorded net inflows of nearly 25.8 billion euros, i.e. a level close to the 26.4 billion recorded in 2020, an exceptional year in this respect, marked by the outbreak of Covid-19. By way of comparison, the Livret A had garnered 15.17 billion euros in 2021 and 12.64 in 2019.
The year 2022 will have been marked by two successive rate hikes in February and August, with the yield rising from 0.5% to 2% in a few months. And this will continue: according to the Governor of the Banque de France, the rate will increase again next February, and in a “significant” way.
The yield on the Livret A could thus move towards 3%, or even a little beyond, given the latest inflation figures, on which the authorities rely in particular to set the rate.