A risk-free investment with a particularly advantageous rate. The People’s Savings Account (LEP) has it all and is one of the best performing investments that can be made. Currently, its rate is 4.75% and it is an investment that is therefore much more profitable than the Livret A or the Livret de développement durable et solidaire (LDDS) which have a return of 2%.
However, this booklet fails to convince. “According to the General Directorate of Public Finance, the number of individuals eligible for LEP at the end of 2021 is nearly 18.6 million. Thus, it is estimated that around 37% of eligible people held an LEP in December 2021”, indeed reveals the Banque de France’s Regulated Savings Report, as Capital points out. In May 2022, this figure has increased only marginally given that it now stood at 39%.
If this placement is particularly interesting, it cannot be used by everyone since it is reserved for the most modest households. Indeed, to subscribe to it, a single person must indicate on his tax notice a maximum income of 20,297 euros in 2021.
In February 2023, the LEP is expected to experience a rate hike which could well attract new savers. Indeed, it adapts to the level of inflation. According to the calculations of our colleagues, taking into account the price increases anticipated by INSEE, its new yield could well be 6.5% from February 1, 2023.
Checking your eligibility could therefore be a good idea to take advantage of a savings account with a particularly attractive rate and very limited risks.