Livret A’s rate unchanged until February 2017

The 0.75% rate of French public savings accounts Livret A will remain unchanged until its next review in February 2017, the French government announced.

It followed a recommendation issued earlier by the Banque de France.

Livret A’s rate, currently at its historic low, was expected to be trimmed at 0.5% in August. Its calculation formula will be redefined in February.

The French government said the rate of PEL (ownership savings schemes) will be cut to 1% from 1.5% as from 1 August 2016.

Adrien Paredes-Vanheule
Adrien Paredes-Vanheule is deputy editor and French-Speaking Europe Correspondent for InvestmentEurope, covering France, Belgium, Geneva and Monaco. Prior to joining InvestmentEurope, he spent almost five years writing for various publications in Monaco, primarily as a criminal and financial court reporter. Before that, he worked for newspapers and radio stations in France, in particular in Lyon.

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