2023-05-31 23:44:28
The popular savings account finally meets its public. The Governor of the Banque de France revealed on Wednesday that 9.6 million French people held a popular savings account at the end of March. Against only 8.2 million in November 2022 and barely 7 million at the end of 2021. “This is very good news”, rejoices François Villeroy de Galhau even if, according to his estimates, between 18 and 19 million French people are eligible.
A take-off which is the result of an intense promotional campaign by the public authorities with the general public and, above all, with the banks, encouraged to promote this anti-inflation investment par excellence to their clients. Because for holders, the LEP shows an unbeatable rate today set at 6.1% while inflation over one year rose from 5.9% in April to 5.1% in May. We can deposit up to 7,700 euros there, make withdrawals whenever we want and the interest is exempt from income tax and social security contributions.
Towards a yield of 5.8% or even less on August 1
The opening of this “super booklet A” (limited to one per person and two per tax household) is subject to conditions of resources. The bank questions the tax authorities directly, which is based on the tax income for 2021 entered on the 2022 tax notice. For example, this year a single person must not earn more than 21,393 euros per year and the income ceiling is 44,243 euros for a couple with two children.
There is no maximum holding period, but in the event that the saver’s income exceeds these ceilings during a year, he can only keep his LEP if his income for the following year falls below the limit. of eligibility. Otherwise, it will be closed by its bank.
And, for those who continue to benefit, the LEP rate of pay will drop. Fixed at 6.1% since January (against 3% for the booklet A), it must be revised on August 1. Calculated as the average of inflation over the last six months (January to June), it will suffer from the slowdown in inflation to 5.1% in May. On this basis, we are thus moving towards an LEP rate of 5.8% on 1 August. But it could be even lower if inflation slows further in June. Good news can hide bad news.
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