2023-09-29 08:31:23
Promise kept. It will now be possible to pay up to 10,000 euros into your Popular Savings Account (LEP), compared to 7,700 euros previously. The decree raising the ceiling of this regulated booklet, accessible subject to income conditions, was published in Official newspaper this Friday, September 29. The measure announced this summer by the Minister of the Economy, Bruno Le Maire, will therefore come into force, as planned, on October 1.
The decree also specifies that payments “cannot increase the amount entered in the booklet beyond 10,000 euros”. This means that those whose ceiling is today a little higher than 7,700 euros due to capitalized interest will not be able to pay 2,300 euros but only the amount to reach 10,000 euros.
The banks are ready, but there is no point in rushing to make a transfer since the LEP is remunerated fortnightly, like all savings accounts: a deposit made between October 1 and 15 will only start to produce interest on October 16.
In practice: Article reserved for our subscribers Who can open a Popular Savings Account (LEP)?
The increase in the ceiling is good news for savers. With a return of 6% since August 1, 2023, the LEP is in fact the best-paid risk-free investment on the market. Above all, it is the only one to beat inflation (4.8% over one year in August 2023, according to INSEE)…
One LEP in two on the ceiling
Its return theoretically depends on the level of inflation over the last six months, or, if more favorable, on the Livret A rate increased by 0.5 points. But it is currently concerns linked to rising prices which are guiding the LEP rate: while it should have gone from 6.1% to 5.6% in August, Bercy has chosen to make a gesture in favor of the LEP. popular savings by limiting the drop to 6%.
But, unlike the Livret A, the rate of which has been frozen by the government until the beginning of 2025, the LEP might see its yield decrease from the start of next year. “If inflation continues to decline in the coming months, the LEP rate should return to between 5% and 5.5% on February 1, 2024”on the occasion of the next half-yearly calculation, specifies Philippe Crevel, director of the Cercle de l’épargne.
Read also: Article reserved for our subscribers The attractiveness of Livret A remains despite the rate frozen at 3%
The current remuneration of the LEP therefore constitutes a boon for beneficiaries whose income meets the eligibility conditions – this product being reserved for low-income households. At the end of 2022, 47% of LEPs had reached their payment ceiling. If their holders pay the 2,300 euros necessary to reach the new ceiling of 10,000 euros, this sum will produce the equivalent of 138 euros of interest over one year. Unless, of course, the rate drops on February 1, 2024.
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