Does the increase in the interest rate encourage the French to invest their savings there? The livret A continues its momentum with a record month of September, despite a slowdown compared to August, according to figures published Friday by the Caisse des dépôts (CDC). The livret A and the LDDS together collected more than 3.1 billion euros in September, and 30.60 billion euros since the start of the year.
Net inflows, i.e. the difference between savers’ deposits and withdrawals, stood at nearly 2.7 billion euros, more than ten times the amount of September 2021 (240 million euros). euros).
If this is a historic level for September, it is however a slowdown after the 4.49 billion of the previous month, also historic, for a month of August. July was also historic, so this is the third month in a row that the Livret A account has recorded record collection for the period.
That of the Sustainable and Solidarity Development Booklet (LDDS), for its part, reached 470 million euros in September 2022, against a negative net inflow of 260 million in September 2021, with withdrawals having then exceeded deposits.
To finance social housing
If the increase in the rate of the livret A and the LDDS to 2% from August 1, against 1% previously, may have encouraged the French to deposit their savings there, it is however important to note that their return remains negative taking into account of inflation. The latter reached 5.6% over one year in September 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 to energy savings in housing. The outstanding amount of the two booklets also exceeded the symbolic bar of 500 billion euros, at 500.3 billion euros very precisely (+ 5.9% over one year).