The only savings book that offers a return higher than inflation, the People’s Savings Book is still little known by the French. According to the Banque de France, 18.6 million French people are eligible for the LEP, but only 9.2 million currently have one. However, its rate, fixed at 6.1% since February, is much more interesting than the 3% guaranteed by the Livret A or the Livret de développement durable (LDDS).
“There is still a real margin of progress,” the governor of the Banque de France, François Villeroy de Galhau, stressed on Radio Classique this Friday, although the figures are improving. In 2021, 6.9 million LEPs were opened and at the end of 2022, 8.5 million. An increase that is explained by the rapid increase in the remuneration rate of this placement in recent months, in a context of persistent inflation. As a reminder, this rate was still only 1% in January 2022.
A pamphlet reserved for modest incomes
In addition to a particularly attractive rate of return, the LEP is, like the Livret A, a risk-free and tax-free investment. It is also possible to withdraw all or part of the money deposited there at any time, free of charge.
The LEP is reserved for low incomes. To open one, you must have a reference tax income of less than 21,393 euros for a single person and 32,818 euros for a couple. Its ceiling is set at 7700 euros.
The recent increase in the number of popular savings books is also the result of a communication campaign launched by the government to publicize this investment. Last year, an email titled “Have you thought about the Popular Savings Bank?” sent to eligible individuals who provided their tax email address.
Source: BFM TV
