The French continued to fill their Livret A in the first half, with around 16.5 billion euros net added to this regulated investment, encouraged by the rate hike in February. If this sum turns out to be slightly less than the 16.74 billion euros net collected during the first six months of 2021, while France was still experiencing episodes of confinement and curfew, it is much more than the 11.57 billion euros of 2019.
The year 2020 had meanwhile been exceptional with 20,410 million harvested in the first half, a direct consequence of the pandemic and the confinements. If the pandemic had acted as a catalyst for this brochure in the hands of almost 55 million French, now it seems that it is the revaluation of the Livret A rate, raised to 1% on February 1 (compared to the previous 0.5%, minimum historical). ), which pushed the French towards this way of saving in the first half of the year. And a new revaluation is yet to come on August 1, at 2%.
safe investment
In February and March, the net entry made by Livret A (ie the difference between deposits and withdrawals) was higher than last year in the same period. On the contrary, the months from April to May performed worse than in 2021. Finally, June held up well, with 1,040 million euros raised. Adding the Sustainable and Solidarity Development Booklet (LDDS), the French invested 19.06 billion euros net in the first half.
Managed jointly by the Caisse des dépôts and the banking networks, the Livret A is mainly used to finance social housing, while the LDDS is dedicated to the social and solidarity economy, as well as energy savings in housing. At the beginning of the Covid-19 crisis, Livret A and LDDS experienced a very strong increase in investments, benefiting from their safe haven status, to the detriment of life insurance, which had then experienced a fall in its prices. .
Source: BFM TV
