Savings books: the rates expected for this new year

modified: 2023-01-05 21:24:02

The passbook rate is calculated based on the inflation rate. In 2023, these financial investments are therefore revised upwards.

  Booklets of'épargne : les taux attendus pour cette nouvelle année

Nearly 55 million French people have a passbook A. In general, these savings books contain 5,800 euros, i.e. a quarter of their capacity (22,950 euros) . This tax-free investment offers the possibility of recovering funds easily. A return as attractive as the euro funds of life insurance. Other people have chosen the LDDS, LEP or even the PEL booklet . Faced with the current economic situation, the annual rate of these savings accounts will be revalued in 2023. What is the expected change ? From when ? All the answers in this article.

The revaluation of savings accounts due to inflation

In 2022, the booklet A has been upgraded twice . Its annual rate will increase further in February 2023. The annual rate of the livret A is calculated every year, in January, taking into account “changes in market and inflation rates over the last six months,” I explained the Banque de France.

“There have already been two upgrades this year. We went from 0.5% to 2%. (Editor’s note: in August 2022) There will be a new increase at the beginning of February, which will be calculated in mid-January,” announced François Villeroy de Galhau, Governor of the Banque de France.

That said, the Livret A rate is obtained by combining :

  • The annual inflation index excluding tobacco from July to December
  • The average of the interbank rates from July to December

Still, the current rate of the Livret A (2%), represents its highest rate for almost 10 years . The new pay rate is expected to be unveiled beginning January 15, 2023. Then this one will be applicable from 1 February .

What is the new Livret A rate in 2023?

The new booklet A rate is not yet known , but it is not difficult to guess. According to INSEE, the inflation index retained in the calculation of it, is 6.12%. This is average consumer prices excluding tobacco of the last 6 months of 2022 (6.2% in July, 6% in August, 5.7% in September, 6.3% in October, 6.3% in November and 6.2% in December).

The second parameter of the calculation is the average of the interbank rates (€STR) over the last 6 months. As of December 15, 2022, MoneyVox says this is 0.349% .

The revalued rate of the livret A can therefore be e between 3.2% and 3.30% . Unheard of in 13 years. That said, this remains a recommendation from the Central Bank. The final decision goes to the government .

The rate of other savings accounts is on the rise

If the passbook A rate is on the rise, many passbooks should also follow this route . This is particularly the case of the sustainable and solidarity development booklet (LDDS), the popular savings booklet (LEP) and savings plan accommodation (PEL).

The sustainable and solidarity development booklet (LDDS)

According to the estimates of the increase in the booklet A, the sustainable and solidarity development booklet should also be upgraded . The reason being that the LDDS still offers a rate similar to book A .

For good reason, these two booklets have the same calculation rules . It is likely that this rate is between 3.2% and 3.30%.

The popular savings account (LEP)

The booklet A serves as the basis for the calculation of the other booklets. This is the case of the popular savings account whose rate is revalued at half a point higher than the livret A .

But it can also take into account the rate of inflation (6.2% last December, according to INSEE). The LEP rate could therefore reach 6.2% . As a reminder, the annual interest rate of the LEP has undergone two successive revaluations in 2022: 2.2% on February 1 and 4.6% on August 1.

The housing savings plan (PEL)

Since January 1, the rate of the latter has risen to 2% , following the recommendations of the Banque de France.

'This is the first increase in the PEL rate for 22 years, the last dating back to the year 2000,' said the Minister of Economy and Finance, Bruno Le Maire.

But it is important to note that this 2% rate should only apply to new PEL subscribed from January 1, 2023 .

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