LEP drops to 2.7%, only to recover better?

"It is the best-paying savings product," recalled the Governor of the Bank of France, François Villeroy de Galhau, referring to the popular savings account (LEP), during the annual presentation of the report on regulated savings. This is despite a further reduction in its interest rate, which will fall from 3.5% in February 2025 to 2.7% on August 1, 2025.

Established in 1982 to protect the purchasing power of the poorest households because it was accessible based on income conditions, the LEP (Leadership Allowance for the Purchase of Personal Income) was cut several times last year. Set at 5% in February 2024, its remuneration fell to 4% in August 2024.

However, the latest interest rate cuts have not deterred savers. At the end of 2024, of the €956 billion in regulated savings, €432 billion were in Livret A savings accounts and €82 billion in LEP savings accounts. This amount has been steadily increasing since 2021, when LEP savings stood at €38.3 billion.

Despite the reduction in remuneration, the Banque de France has insisted on preserving the LEP, capped at 10,000 euros with a remuneration rate "which represents three times the inflation observed in the first quarter of 2025," insisted the governor. The LEP remuneration remains above