The tax-free french savings account open to all with 3% interest rate

THE LIVRET A INTEREST RATE IS TO INCREASE TO THIS PERCENTAGE FROM FEBRUARY. HOWEVER MANY PEOPLE SIMPLY LEAVE THEIR MONEY IN CURRENT ACCOUNTS, FIGURES SHOW The interest rate applied to funds

in France’s regulated Livret A tax-free savings accounts is to rise from 2% to 3% on February 1, Finance Minister Bruno Le Maire has announced. This rise is caused by inflation but is still

considerably lower than France’s inflation rate, which currently sits around 6%. Livret A interest rates already rose twice in 2022, from 0.5% to 1% and then from 1% to 2% in August. READ

MORE: WHAT FEBRUARY INTEREST RISES FOR REGULATED SAVINGS ACCOUNTS IN FRANCE? PEOPLE IN FRANCE NOT MAKING MOST OF THIS ACCOUNT This comes as figures show that French households keep an

average of €17,600 in their current accounts. At the end of October 2022, French current accounts contained a total of €528billion, a huge sum that is not earning interest and is therefore

losing value as inflation continues at a high rate. It is therefore advisable to put as much money as is sensible into a savings account such as the Livret A which are available from all of

the main French banks. SEE HERE FOR THE THRESHOLDS AND MORE ABOUT LIVRET AS AND OTHER REGULATED FRENCH SAVINGS ACCOUNTS. Adults on low incomes can also put their money into a Livret

d’épargne populaire (LEP), which has a 4.6% interest rate at the moment but this is set to rise to 6.1% on February 1. RELATED ARTICLES WHO CAN OPEN FRENCH LEP SAVINGS ACCOUNT OFFERING 4.6%

INTEREST? FRENCH LIVRET A SAVINGS ACCOUNT INTEREST RATE RISES AGAIN GRANTS, SAVINGS, TAX: HOW WILL YOUR FINANCES CHANGE IN FRANCE IN 2023?