Overview

• Livret A recorded a net outflow of €200 million in April 2025, its worst performance for the month since 2009, following a February interest rate cut to 2.4%.
• LEP experienced a significant €1.96 billion net outflow in April, also marking its worst April since 2009, partly due to annual account closures and reduced appeal.
• LDDS bucked the trend with a net inflow of €310 million in April, as some savers redirected funds from other regulated accounts.
• Combined net deposits for Livret A and LDDS from January to April 2025 totaled €3.6 billion, a sharp decline from €11.3 billion during the same period in 2024.
• Economists project another rate cut for Livret A and LDDS to around 1.6%–1.7%, expected to take effect on August 1, 2025.