The last rise in the livret A dated back to August 2011. It has only stagnated or fallen since then, falling to 0.50% in February 2020.
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The Livret A rate will double on February 1. The Minister of Economy and Finance, Bruno Le Maire, announced on Friday January 14, on TF1, that this rate would drop from 0.5% to 1%. This is a first for ten years. This announcement complies with the recommendations of the Banque de France. The Banque de France has taken into account the sharp rise in inflation over the past six months.
A pay rate of 1% “would be likely to better ensure the remuneration of the holders of the booklet A, without creating an excessive additional cost, in order to preserve the financing of social housing”, had specified the governor of the Bank of France. The livret A is used in particular to finance social housing in France.
The last increase in the livret A dated back to August 2011, when it went from 2 to 2.25%. It has only stagnated or fallen since then, falling in February 2020 to 0.50%, a historic low. Bruno Le Maire also confirmed the increase in the popular savings account (LEP) to 2.2%, against 1% today, recalling that “all French people earning less than 20,000 euros per year have the right” to this investment which “better protects against inflation”.