Until then, it was the most profitable savings account on the market, but from February 1, 2024, its rate of return should decrease. Millions of beneficiaries are affected.
When it comes to investing their money to make it grow as little as possible, without running the risk of losing everything, most people turn to what we call savings accounts. These banking products are generally regulated and guaranteed by the state. Individuals who hold a savings account therefore invest their money with a certain security and at the end of each year, they receive interest rates set by the public authorities, which sometimes turn into a tidy sum. Some savings plans are therefore more advantageous than others. One of them also has a particularly attractive rate which is not subject to income tax, and which is held by more than 10 million French people with modest incomes.
This is the popular savings booklet (LEP) whose remuneration rate has been set since August 1, 2023 at 6%, taking into account inflation. Its ceiling being 10,000 euros, if we do the calculations, it can earn its holder up to 600 euros in interest at the end of the year. But not for much longer…
Indeed, the LEP rate should decrease from February 1, 2024, reports MoneyVox. The latter is revised on average twice a year “depending on the level of inflation” observed over the last six months, indicates the Public Service website. For the rate of this investment to be maintained at 6%, inflation would need to still be at this high level in the second half of 2023. However, this is not what is expected.
According to the latest data from the National Institute of Statistics and Economic Studies (Insee), made public on November 15, inflation is falling, it is 4% in October 2023, compared to 4.9% in September . And this is expected to continue in the coming months. In particular, INSEE forecasts that the inflation rate should settle at 4.2% in December 2023. If this is confirmed, the LEP rate could fall by a few points – 1.6 points according to certain estimates – going into below the 6% yield rate mark from February 2024. The next revision of the LEP is scheduled for mid-January 2024.