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Livret A: why his salary can be adjusted upwards from 1 May

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Due to the high inflation as a result of the war in Ukraine, the compensation for the livret A could be adjusted upwards on 1 May. The Banque de France has to make a decision by this date.

Only two months after an initial increase, the salary percentage of the Livret A could be adjusted upwards again on 1 May. As of February 1, 2022, this had fallen from 0.5% to 1%† But the current context – a price hike linked to the war in Ukraine – could prompt policymakers to pull the cover back next month: the pay rate could peak at more than 1.25%.

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In practice, this increase must be decided on the basis of a recommendation from the governor of the Banque de France. In normal times, the revision of the placement rate of the booklet A and the booklet of sustainable and solidarity-based development (LDDS) can only take place twice a year: on 1 February and 1 August. However, as of July, the governor has been able to recommend a reassessment of these reimbursement rates on May 1 and November 1 if the Banque de France “considers that the variation in inflation or in the money markets is very significant.”, explain. the Ministry of Economic Affairs on its website

This is the case in France: according to INSEE, in a study published in March, prices have risen by 4.5% in one year. This inflationary phenomenon has continued since the beginning of the war in Ukraine.

54.9 million French vote for it

It remains to be seen how salary can be reassessed. Asked by the ParisianPhilippe Crevel, director of the Cercle de l’épargne, this could be between 1.25% and 1.5%: the Banque de France must take into account interbank rates and inflation over the past twelve months, increased by a quarter of a point .

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Save money: would you rather opt for the Livret d’Epargne Populaire than the Livret A?

In France, 54.9 million people own a booklet A. On average, each of these booklets contains EUR 5,500. The livret A is particularly popular: it is the third favorite investment of the French, after the current account and life insurance. Another option: the popular savings account (LEP), reserved for low-income households. It currently offers a return of 2.2%. It can also be re-rated and go to at least 3%.