Popular savings account: its rate will remain “much higher than inflation” on February 1, announces the Banque de France

It is “by far the most interesting product for popular savings”, according to the governor of the Bank of France, and should remain so. The popular savings account (LEP), reserved for people with modest incomes, will see its rate re-evaluated on February 1st. Today set at 6%, it should fall, but will always be “much higher than inflation”, announced François Villeroy de Galhau this Thursday morning on France 2.

Subsequently relaunched on the subject, the governor did not give precise figures, contenting himself with stating that “it should be between 3 and 6%”. In December, inflation over one year rebounded slightly, to 3.7%, according to the first estimate from INSEE, which must be confirmed this Friday. François Villeroy de Galhau also underlined that the LEP was “developing very quickly”, since “10.7 million booklets are open, or 3 million more than two years ago”.

It must be said that the government, the tax authorities and the Banque de France have been trying for some time to promote this still relatively unknown savings product, accessible subject to means testing. “We can go even further, since there are 19 million French people who are entitled to it,” noted the governor of the Banque de France on France 2, stressing that it is “an advantage which does not exist at our European neighbors. For its part, the Livret A rate will remain fixed at 3% on February 1, under the guarantee of maintaining the rate at this level until January 2025 decreed by the Minister of the Economy Bruno Le Maire in July last.