Regulated savings rates are on the rise from August 1. The Livret A account will increase up to 2% and will allow you to benefit from €315.56 of additional interest throughout the year. But in reality, the loss of purchasing power of your savings, due to inflation, can amount to up to €1,000. The interest rate of the popular book will increase to 4.6% and will protect your savings a little more.
Inflation affects the passbooks
In six months, the rate for booklet A has multiplied by four! Yes Four! Set at 0.5% on February 1, 2020, its lowest level, it reached 1% on February 1, 2022. Since Monday, August 1, it now reaches 2%. And this, like its cousin the Social and Solidarity Savings Booklet (LDDS). This is a rate that did not exist for 10 years.
This is good news for the 56 million people who own a leafletthat is, more than 8 out of 10 French people. decreased purchasing power. This is the result of inflation, which should rise to 5.6% for the year as a whole. Consequently, the real return on your Livret A account becomes negative.
Livret A: up to €1,000 loss
When you deposit €1,000 in your Livret A, you will receive €13.75 in interest. But at the same time, you will suffer a loss of €56 due to inflation. Their purchasing power decreases therefore €42.25. Specifically, €1,000 invested on January 1, 2022 earns €1,013.75 in cash in your Livret A on January 1 of the following year… Except that the “real value” of this money deteriorates at the same time. Schematically, your accumulated savings in your Livret A at the end of 2022 would only be “worth” €957.5 if inflation remained stagnant at 0% throughout the year.
With €5,000 or €5,800 in your savings account A
When you deposit €5,000 in your Livret A, you get €68.75 in interest. And this, compared to a loss of 280 euros due to the price increase. Or 211.25 euros less purchasing power. In addition, 5,800 euros constitute the average outstanding balance of a Livret A according to the latest figures from theRegulated Savings Observatory for the year 2021. The positive part, 79.75 euros of interest at the end of 2022 that swallows them, on the contrary, 324.80 euros of inflation. Finally, a loss of purchasing power of 245.05 euros from the initial 5,800 euros.
With 10,000 and 15,000 euros
When investing €10,000, the annual interest amounts to €137.5. On the other hand, the purchasing power of savings has decreased by 422.5 euros, because inflation has eroded 560 euros. However, with 15,000 euros, the interest rises to 206.25 euros. But at the same time you lose 840 euros due to inflation. Finally, you miss 633.75 euros of purchasing power over the course of a year.
With 22,950 euros in your Livret A
This amount corresponds to the maximum you can deposit in a Livret A, the interest represents 315.56 euros. On the other hand, inflation causes a loss of 1,285.20 euros, that is, a drop in purchasing power of 969.64 euros. In other words, almost 1,000 euros!
LEP at 4.6%: what interests in 2022?
the Popular Savings Book (LEP) normally provides protection against price increases. And this, unlike the Livret A, whose calculation method has undergone changes. For LEP, open based on income. For a tax household of one person, for example, it is €20,297. The ceiling is €7,700 for deposits, the calculation formula follows the average inflation rate of the last six months. That is why the LEP rate reaches “only” 4.6%, and no more.
An unbeatable rate for a safe investment that should benefit 18.6 million French people. But in reality, there is hardly 7 million LEP holders. And this, according to the latest figures from the Banque de France. If you can benefit from it, choose to open a LEP to secure your savings instead of placing it in a Livret A.
When placing €5,600, the average outstanding balance of a LEP in 2021, the rate ofinterest increased to 4.6%. Then, the amount of interest will reach 173.60 euros in 2022, compared to 77 euros for a Livret A. Inflation will cause an erosion of the value of your savings of 313.6 euros, that is, a loss of purchasing power of 140 euros in a LEP. It would have reached 236.6 euros in a Livret A.
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