France's Livret A and LEP Savings Rates Set at 1.5% and 2.5% in 2026

The state‑guaranteed Livret A savings account in France now yields a net interest rate of 1.5% per year, effective from 1 February 2026. The Livret d’Épargne Populaire (LEP) offers a higher rate of 2.5% per year under the same regulatory framework. Both products are exempt from income tax and social contributions.

Livret A is capped at €22,950 in deposits, generating roughly €340‑€350 of net interest annually at the current rate. The LEP’s deposit ceiling is €10,000, producing about €250 of interest per year. Eligibility for the LEP depends on the taxpayer’s reference income, with thresholds around €22,000 for single households. Financial advisers recommend opening a LEP first for eligible savers, then allocating any remaining funds to a Livret A or other tax‑free accounts such as the LDDS.

Future rate adjustments are tied to inflation and policy decisions. Scenarios envisaged for August 2026 suggest the Livret A could rise toward 1.7%‑2% if inflation spikes, while the LEP would likely stay at least 0.5 percentage points higher, maintaining its advantage.