What will change from February 1?

Besides Livret, the popular savings booklet is undeniably one of the French people’s favorite savings products. While its rate is still at 6%, it will drop from February 1.

In 2023, almost 2 million new savers will have opted for the LEP. It must be said that the government has particularly highlighted this savings product by reassessing its payment limit which increased from 7,700 to 10,000 euros last October. According to statistics reported by the site Moneyvox

The LEP has raised around 19 billion extra euros between January and November 2023. A product that is attractive, especially because of the advantageous rate of remuneration.

On 1 February the LEP rate increased to 5%

But from February 1 this rate will increase to 5%. This is what the Economy Minister has already announced The voice of the north And it was confirmed by an order published in the official journal on Sunday. Hence the reduction predicted by the reduction in price inflation, the LEP is a product put in place to help needy households save in the face of price inflation, which reached 3.7% in December.

Even with this reduction, LEP is one of the most interesting savings products. In total, about 8 million French people are eligible, but who still haven’t taken the plunge. Note that the terms of access to this product are relatively relaxed. In fact, the reference tax revenue required for this year 2024 has been updated moneyvox,

The income for this year is above the threshold, but differs from region to region. For example, the first share is estimated at €22,419 in mainland France, €26,531 in Martinique, Guadeloupe and Reunion, €27,737 in Guyana and €41,570 in Mayotte.

As a reminder, the threshold set in 2023 in mainland France was 21,393 euros. According to the same source, in 2022 people with lower incomes can keep LEP than those updated for this year. They only need to visit the nearest branch to initiate the processes, as banks generally refuse to carry out online processes.