The year 2025 ends in the red for the Livret A, with net outflows of nearly 3.6 billion euros from January to November. This popular savings product, held by 55 million French people, is losing appeal due to its reduced yield. It marks the first negative year since 2015, following years of massive savings.
The Livret A, a 100% secure and liquid savings product favored by the French, is facing tough times. In autumn 2025, its collections plunged into the red, with net outflows of 6.5 billion euros between September and November. This seasonal pattern, driven by back-to-school expenses and local taxes, follows weak performance in prior months.
Overall, over eleven months, outflows total nearly 3.6 billion euros. “This is a real shift after several years of record savings on this product,” notes Philippe Crevel, director of the Cercle de l’épargne. “We have to go back to 2015 to find a negative year for the Livret A.”
Despite waning interest, French savings remain substantial. Preferences appear to shift toward other options, such as life insurance, which offer higher returns. This turnaround highlights the impact of the Livret A's yield cut to 1.7% in August 2025, making it less competitive amid inflation and market alternatives.