Livret A savings account cap increase France, Digi Mart USA News (France): Prime Minister Sébastien Lecornu announced on Tuesday, November 3, a planned increase in the Livret A savings account ceiling, scheduled for February 2027. He made the announcement during questions to the government at the National Assembly, in response to a question from Christophe Naegelen, president of the LIOT group.
The government is considering a ceiling between €25,000 and €30,000, compared with the current €22,950 limit for individuals. The final amount has not yet been set.
A final round of consultation is due with banks, the Treasury and the Caisse des Dépôts, and Economy Minister Roland Lescure is expected to specify the arrangements in the coming weeks.
The ceiling increase is to take effect at the same time as a revision of the account’s interest rate. Lecornu said the aim is to mobilize more of French households’ savings to fund public investment, including new nuclear power, climate adaptation and infrastructure.
The Livret A, historically dedicated to financing social housing, now also supports several projects of general interest.
To justify the choice, Lecornu pointed to the account’s popularity, which he said is held by roughly 83 to 84 percent of French people, and highlighted the availability of the funds and the account’s tax advantages.
The announcement comes as the LIOT group proposes a national citizen loan, dubbed “Livret D,” which would let individuals and businesses fund state investment through a placement locked for ten years. The proposal also aims to reduce France’s reliance on foreign investors.
Lecornu said the priority is the cost of debt rather than who holds it, noting that according to his figures, 70 percent of French debt is held by European players and 40 percent by French investors.
Lecornu did not rule out the LIOT proposal. “Should we continue to move forward on Livret D?
Yes, we continue to work on it,” he said. He acknowledged, however, that a ten-year lock-up would not meet the same needs as the Livret A, which allows savers to withdraw their funds freely.
Discussions will continue to refine the mechanism and how the collected sums would be allocated.
