The Livret A account once again seduced savers in July, with net inflows of 2.64 billion euros according to data published this Tuesday by Caisse des dépôts, after the announcement of a doubling in August of its remuneration rate, to 2%. This positive balance between deposits and withdrawals, the highest since 2009, brings the total outstanding balance of Livret A to 362.5 billion euros.
A balance close to half a billion euros with that of the LDDS
The outstanding balance combined with that of the Sustainable Development and Solidarity Book (LDDS), which increased by 480 million euros last month, stands at 491.8 billion euros.
The outstanding balance of the two regulated passbooks has increased by more than 22,000 million euros since January 1, more than in 2021 as a whole. The success of these popular guaranteed and liquid savings products is linked to the rise in their interest rates, which went from 0.5% to 1% on February 1 and then from 1% to 2% on August 1 .
Livret A performance remains largely negative
The second level was announced on July 15 by the Minister of Economy Bruno Le Maire, on the recommendation of the Governor of the Banque de France François Villeroy de Galhau. This increase should also continue on February 1 of next year, according to the latter, in charge of the calculation. But Livret A’s performance is still negative when inflation is taken into account. The latter reached 6.1% per year in July according to INSEE.
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.
These figures do not include those of the Popular Savings Book (LEP), reserved for households with little or no taxes, whose remuneration rose to 4.6% on August 1.
Source: BFM TV
