Until now, it was possible to go up to 7,700 euros on the Popular Savings Booklet (LEP). The ceiling of this investment, reserved for the most modest households, will increase to 10,000 euros on Sunday October 1, indicates a decree published this Friday in the Official Journal.
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, without a precise implementation date. Any additional payment is prohibited when the account balance in a Popular Savings Account is greater than or equal to this ceiling, specifies the decree.
Ten times smaller than Livret A
The rate of the Popular Savings Booklet was lowered to 6% on August 1, compared to 6.1% previously. The authorities wanted to promote this savings product reserved for the most modest, since its yield should have increased to 5.6% if the calculation formula provided for by law had been applied.
Around 9 million people, although eligible, do not have one. The Livret A rate was maintained at 3% for a year and a half, when it should have increased to 4.1%. With around 55 billion euros in outstanding amounts, the LEP weighs ten times less than the Livret A and the Sustainable and Solidarity Development Booklet combined, the rate of which is also maintained at 3%.