The Livret A had its best month of July since 2009, stimulated by the doubling of its rate of… – 20 Minutes

The Livret A savings account once again won over savers in July, with net inflows of 2.64 billion euros according to data published on Tuesday by the Caisse des dépôts. Record savings thanks to the announcement of a doubling in August of its rate of return, to 2%. euros. The outstanding amount combined with that of the Sustainable and Solidarity Development Booklet (LDDS), which increased by 480 million euros last month, stands at 491.8 billion euros. The outstanding amount of the two regulated passbooks has swelled by more than 22 billion euros since January 1, more than in 2021 as a whole.The success of these very popular, guaranteed and liquid savings products, is linked to the increase in their rates of pay, which rose from 0.5% to 1% on February 1 and then from 1% to 2% on August 1. The second level was announced on July 15 by the Minister of the Economy Bruno Le Maire, on the recommendation of the Governor of the Banque de France François Villeroy de Galhau. This increase should also continue on February 1 of next year, according to the latter, in charge of the calculation. But a negative return taking into account inflation But the return on the Livret A remains negative taking into account inflation . The latter reached 6.1% over one year in July 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.These figures do not include those of the People’s Savings Book (LEP), reserved for households with little or no tax, whose remuneration rose to 4.6% on August 1.