The rate of livret A shall be maintained at 3% at 1^er February 2024 until January 31, 2025. That is what the order of July 28, 2023 specifies.

Book A is a paid savings account whose funds are available at all times. All banking institutions can offer it.

Its interest rate is set by the Banque de France in January and July of each year. Interest on this type of booklet is calculated every fortnight on 1^er and the 16th of each month. Deposits begin to earn interest on the first day of the following fortnight. On 31 December of each year, the interest accumulated on the year is added to the capital and then generates interest itself, which is exempt from income tax and social security contributions.

Interest rates on regulated savings products until January 31, 2025

For the period of 1^er august 2023 to january 31, 2025, the annual nominal interest rates the order of 28 july 2023 provides as follows:

• booklet A, savings booklet for manual workers, sustainable and solidarity development booklet: 3% ;
• special accounts on Crédit Mutuel booklet: 3% ;
• company savings book: 2.25% ;
• non-state premium home savings account: 2%.

The popular savings book (SMP) changes to 5% for the period from 1^er February to July 31, 2024 as recommended by the Banque de France.

The Housing Savings Plan (ELP)

The interest rate for the ELP shall be fixed at the opening of the account. It's 2.25% for open PELs from 1^er january 2024.

For ELPs opened before that date, it shall be:

• 2 % for open PELs between 1^er January 2023 and December 31, 2023 ;
• 1 % for open PELs between 1^er August 2016 and December 31, 2022.

As for booklet A, interest is calculated by fortnight (the 1^er and the 16th of the month).

Interest is capitalizable: as of December 31 of each year, interest is added to the capital already saved to generate additional interest the following year.

The ELP is concluded for a minimum period of 4 years during which the money is frozen, except in case of purchase of housing. After 4 years, the ELP may be extended from year to year up to a maximum of 10 years.