The Bank of France will change the interest rates of Livret A, LEP and LDDS. The income of millions of investors will change.
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58 million livrets A, 24 million LDDS, 12 million LEP… According to the Bank of France, more than 8 out of 10 French people have at least one regulated savings account. Available at all banks, these savings products offer a host of benefits to depositors. The amounts invested there are guaranteed by the state, the amount of savings can grow due to the interest rate, and the profit received is completely tax-free.
However, the interest rates on Livret A, the People’s Savings Plan (LEP) and the Sustainable Development and Solidarity Booklet (LDDS) are about to change. Twice a year, on February 1 and August 1, the Bank of France revises these interest rates. This calculation depends on two indicators. On the one hand, the interbank euro exchange rate, namely the rate at which banks exchange money in Europe, and on the other hand, the inflation rate.
Although calculating interest rates is complex, regulated savings follow a very simple logic: when inflation and the euro rate rise, savings account rates increase, but when both slow, savings account rates fall. However, in the second half of 2026, the inflation rate accelerates to 1.8% according to INSEE, just like the euro, which now reaches 2.1% according to the European Central Bank (ECB). Consequently, the interest rate on Livret A, LEP and LDDS will automatically increase after the next revaluation on 1 August 2026. The question now is what the scale of this increase will be.
According to the rules, the first recommendation should be made by the head of the Bank of France, Emmanuel Moulin. He may suggest following the traditional calculation method or increasing the rate on some regulated savings products. If he proposes to deviate from the traditional calculation formula, then the decision will be made by Economy Minister Roland Lescure.
Using the calculation formula used by the Bank of France, JDN determined what the future interest rate on regulated savings accounts will be in 2026. Result: The Livret A and LDDS rate (which is indexed to the Livret A rate) will rise to 1.8% in August next year. This represents an increase of 0.3 points over the prevailing interest rate (1.5%).
With the new rate of 1.8%, the interest generated by Livret A will change. With 5,000 euros in his livre A, the investor will earn 90 euros in interest in one year. If a saver has 7,500 euros in his savings account, that is, the average amount recorded in this savings product, he will receive 135 euros within one year. For an investment of 10,000 euros, the investor will receive 180 euros. Finally, if the amount of savings reaches the maximum cap set at €22,950, his Livret A’s annual remuneration will be €413.10.
For LEPs, strict application of the calculation rules used by the Bank of France would result in an interest rate of 2.3%. However, this is unlikely as it would mean a reduction in the current rate, set at 2.5%. It is more likely that the government will choose to continue with its usual LEP policy of increasing the rate. The idea is for its rate to always be one point higher than Livret A. Thus, the LEP rate could rise to 2.8% in August 2026.
With €1,000 in his LEP, a depositor can receive €28 in interest. If this saver holds €6,912 in his savings account, i.e. the average LEP debt, he will receive €193.57 over the course of the year. Finally, a LEP that reaches the statutory ceiling of €10,000 will offer the depositor a profit of €280.