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French Savers Pull Record €5 Billion From Livret A in October as Money Shifts to Assurance-Vie

Falling regulated rates have steered households toward assurance‑vie offering more competitive returns.

Overview

  • Caisse des dépôts data show a net €5.1 billion October outflow from Livret A and LDDS, including €3.81 billion from Livret A and €1.29 billion from the LDDS.
  • The Livret A rate fell from 3% at the start of 2025 to 2.4% in February and 1.7% in August, a slide closely linked to the withdrawals.
  • Savers are reallocating to assurance‑vie, with September contributions reaching €14.9 billion as funds‑euros yields are expected to average about 2.6% in 2025.
  • Analysts warn the Livret A rate could be cut again around 1 February 2026 to roughly 1.4–1.5%, which could deepen outflows.
  • For year‑end interest, deposits must be made by 15 December under the quinzaine calculation, otherwise earnings post to 2026.