Regulated savings accounts

From 1 August 2025

Livret A and LEP: lower rates of pay as of August 1, 2025

Publié le 17 juillet 2025 - Mise à jour le 31 juillet 2025 - Directorate of Legal and Administrative Information (Prime Minister)

The annual interest rate of the livret A was fixed, since 1er February 2025, at 2.4%, and that of the popular savings account (LEP) at 3.5%. The Ministry of Economy and Finance has just announced a decrease in these 2 rates from 1er August 2025, following the recommendations of the Governor of the Banque de France.

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From 1er August 2025:

  • the the annual interest rate for the livret A is set at 1.7% (vs. 2.4% between 1er February 2025 and July 31, 2025);
  • the The annual interest rate for the Livret d'Epargne Populaire (LEP) is set at 2.7% (vs. 3.5% between 1er February 2025 and July 31, 2025).

These two booklets had experienced a decrease in their remuneration rate in February 2025.

The booklet A is a paid savings account of which the funds are available at any time. 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 Economy and Finance, the remuneration rates 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.

Other regulated savings products from 1er  August 2025

An order of 23 July 2025 also sets the interest rates for regulated savings products for the period 1er August 2025 to January 31, 2026, as follows:

  • Sustainable and solidarity development booklet (LDDS): 1.7%.
  • Young booklet : 1.25 PER CENT.
  • Home Savings Account (CEL): 1.25%.

Please note

For the livret A, the Ministry of Economy and Finance will strictly apply, according to the recommendation of the Banque de France, the regulatory calculation formula which results in the rate of 1.7% from 1er August 2025. This decision is motivated by “a level of inflation that fell to 0.88% in the first half of 2025 and by the central role of the livret A in financing the country's economy”.

With regard to SARA, its calculation will deviate from the regulatory formula in order to limit the decline in this savings product reserved for the most modest households. It benefits from a “boost” while the formula foresaw a decrease to 2.2%.

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