Livret A 2026: Interest Rate, Limits & How It Works
France's most popular savings account: everything you need to know about the Livret A, its benefits, current rate, and how to make the most of it.
Key Figures for Livret A in February 2026
1. What is the Livret A?
The Livret A is a state-regulated savings account in France. Created in 1818, it's the most popular savings product in France with over 55 million accounts, representing total deposits of more than €400 billion.
- Capital guaranteed: Your savings are protected by the state
- Total liquidity: Free withdrawals and deposits at any time
- Tax exemption: No income tax or social contributions on interest
- Regulated rate: Set by public authorities
What are Livret A funds used for? The savings collected mainly finance social housing in France through the Caisse des Dépôts.
2. The Livret A Rate
The Livret A rate is 1.5% since February 1, 2026 (down from 1.7% until January 31, 2026). This decrease reflects slowing inflation (+0.8% in December 2025). The rate remains above inflation, preserving savers' purchasing power.
Rate History
| Period | Rate |
|---|---|
| Feb 2026 - Today | 1.50% |
| Aug 2025 - Jan 2026 | 1.70% |
| Feb 2025 - Jul 2025 | 2.40% |
| Feb 2023 - Jan 2025 | 3.00% |
| Aug 2022 - Jan 2023 | 2.00% |
3. Limits and Deposits
Good to know: Capitalized interest can exceed the limit. If your Livret A reaches €22,950 and generates €688.50 in interest, your balance will be €23,638.50, which is allowed.
4. Pros and Cons
Advantages
- ✓ 100% capital guaranteed
- ✓ No taxation whatsoever
- ✓ Total liquidity
- ✓ No management fees
- ✓ Available at all banks
- ✓ Accessible to everyone (including minors)
Disadvantages
- ✗ Limited ceiling (€22,950)
- ✗ Modest yield (1.5%)
- ✗ One Livret A per person
- ✗ Real return sometimes negative (if inflation > rate)
5. How to Open One
Requirements
- Be a French tax resident
- Not already own a Livret A
- Present ID
- Proof of address
- Minimum initial deposit (€10, or €1.50 at La Banque Postale)
Warning: It is illegal to hold multiple Livret A accounts. Banks verify with the tax administration before any opening.
6. Alternatives to the Livret A
| Product | Rate | Limit | Taxation |
|---|---|---|---|
| LDDS | 1.5% | €12,000 | Exempt |
| LEP | 2.5% | €10,000 | Exempt* |
| CEL | 1% | €15,300 | Taxable |
| Life Insurance | 2-3% | Unlimited | Advantageous** |
* Subject to income conditions. ** After 8 years of holding.
7. Frequently Asked Questions
What is the Livret A interest rate in 2026?▼
The Livret A rate is 1.5% since February 1, 2026 (down from 1.7% previously). This rate is reviewed twice a year by the Bank of France.
Is the Livret A taxable?▼
No, the Livret A is completely exempt from taxes and social contributions. Interest is net of all taxation.
Can I have multiple Livret A accounts?▼
No, it is forbidden to hold more than one Livret A per person. Each household member can have their own.
Official Sources
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Disclaimer: Information provided is for guidance only and may change. For official information, consult Service-Public.fr or your bank.