Regulated savings accounts

From 1 Feb 2026

Livret A and LEP: lower rates of pay as of February 1, 2026

Publié le 15 janvier 2026 - Public Service / Directorate of Legal and Administrative Information (Prime Minister)

The annual interest rate of the livret A was fixed, since 1er August 2025, at 1.7%, and that of the Livret d'épargne populaire (LEP) at 2.7%. The Ministry of Economy and Finance has just announced a decrease in these 2 rates from 1er February 2026, following the recommendations of the Governor of the Banque de France.

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From 1er February 2026:

  • the the annual interest rate for Livret A is set at 1.5% (vs. 1.7% between 1er August 2025 and January 31, 2026);
  • the The annual interest rate for the Livret d'Epargne Populaire (LEP) is set at 2.5% (vs. 2.7% between 1er August 2025 and January 31, 2026).

In 2025, these two booklets had already experienced a decrease in their remuneration rate in February and then in August.

Please note

The annual interest rate of the sustainable and solidarity development booklet (LDDS), the remuneration of which is identical to that of the livret A, is also fixed at 1.5% as from 1er February.

The booklet A is a remunerated savings account of which the funds are available at all times. All banks can offer it.

SARA is, for its part, aimed specifically at people with modest incomes. To open one, you must meet certain conditions related to tax domicile and income.

The Banque de France is responsible for calculating, and proposing every 6 months to the Ministry of the Economy and Finance, the rates of remuneration for regulated savings accounts such as the Livret A or the Livret d'épargne populaire.

These rates are set by regulatory calculation formulas (taking into account the average euro area interbank rate and the average change in the consumer price index, excluding tobacco, over the last half-year). It may be waived in exceptional circumstances.

Please note

The annual interest rate under SARA in effect from 1er February is receiving a “boost”, in line with the recommendation of the Governor of the Bank of France. The latter states that “the conditions of eligibility for the holding of this booklet make it the true support of popular savings”.

The remuneration of the popular savings account is thus 2.5% as of 1er February, instead of 1.9% under the regulatory formula.

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