New higher limit for the LEP savings account from 1st October 2023.
From 1st October 2023 the maximum you can invest in a LEP (Livret d’Épargne Populaire / Popular Savings Account) has increased from 7,700 euros to 10,000 euros. This account is aimed at households with modest incomes and the current interest rate is 6%.
Other savings accounts are available which don’t have restrictions on your level of income. These include:
LDDS (Livret de Développement Durable et Solidaire / Sustainable and Inclusive Development Account)
This currently has a limit of 12,000 euros and interest rate of 3%.
LIVRET A (Savings account A)
This currently has a limit of 22,950 euros and interest rate of 3%.
See more information about these accounts via the following links – or you could ask at your local bank.
LEP
LDDS
LIVRET A
Please note that the FBN do not offer any assistance with banking services.