Livret A in sturdy outflow, the primary in ten years | EUROtoday

The successive reductions within the Livret A rate of interest, from 3% to 1.7% in 2025 and even 1.5% on 1^er February, made it lose its enchantment within the eyes of savers.

Last yr, extra folks obtained their a refund than deposited it. The Caisse des Dépôts et Consignations (CDC) recorded a internet outflow of two.12 billion euros for the flagship regulated financial savings product (83% of French folks have one, in keeping with the Banque de France).

This is the primary time in ten years that extra withdrawals than deposits have been recorded, though to a lesser extent than the online losses of 9.29 billion euros recorded in 2015 and 6.13 billion in 2014.

Philippe Crevel, director of the Savings Circle, remembers that the typical return on Livret A final yr (2.16%) remained above inflation (0.9%). This didn’t stop households from redirecting their financial savings, significantly in the direction of life insurance coverage (49.4 billion euros internet collected between January and September 2025). “ The returns on euro funds have become competitive again with the fall in those of short-term savings and the good performance of the financial markets, he explains. This reorientation is all the more logical given that households had accumulated significant precautionary savings over the last five years. »

The LDDS exception

It also highlights the drop in capitalized interest on Livret A, falling from a record of 12.32 billion euros in 2024 to 9.24 billion euros in 2025. Their level was nevertheless sufficient to allow outstanding amounts to progress despite outflows (449.6 billion euros, an almost constant increase since 2009).

Other regulated savings products fare barely better than Livret A.

The Popular Savings Booklet (LEP) recorded 840 million euros in net outflows in 2025. It is also penalized by the drop in its interest rate (from 4% at the start of 2025, it has risen to 2.7% currently and will land at 2.5% on 1^er February), combined with “purchasing power difficulties of the lowest-income households”as Philippe Crevel factors out. The LEP is accustomed to outflows, having been so repeatedly from 2009 to 2021. It solely returned to assortment in 2022 (8.28 billion), with a peak at 20.67 billion euros in 2023. Its excellent quantities are at the moment near 84 billion euros.

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