Raising the livret A ceiling: who really benefits?
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- The livret A ceiling will go from €22,950 to €25,000–30,000 in February 2027, the government announced on 3 November.
- The rate should rise, with no figure; it will be set in early 2027.
- First aim: to finance public infrastructure; the CDC holds nearly 60% of deposits and lends them to social housing and local authorities.
- The French Banking Federation opposes it: less long-term financing for companies.
In this article
What was announced
According to franceinfo and AFP, the government announced on Tuesday 3 November that the livret A ceiling will go from 22,950 euros to “between 25,000 and 30,000 euros”, in February 2027. Prime Minister Sébastien Lecornu also said the rate would be “led to rise”, without a figure. The rate will be set in early 2027.
The background figures
The rate went from 3% in 2024 to 1.5% in early 2026, then 1.7% in July. In September, savers withdrew 1.52 billion euros more than they deposited. Life insurance collected about 50 billion euros in 2025, almost double the previous year.
Who benefits?
The article distinguishes three players. Households: according to Pierre Madec (OFCE), most livrets are far below the ceiling; the measure would mainly concern where wealthier households close to the ceiling put their savings. The State: the first aim is to finance public infrastructure. The savings fund of the Caisse des dépôts holds nearly 60% of livret A deposits and lends them for social housing and local-authority facilities; the CDC welcomes “a strengthened capacity to act for the regions”. The government adds that the funds will also serve to renovate lycées and collèges; for economist Philippe Crevel, this gives the State extra borrowing capacity. The banks: the French Banking Federation opposes it and judges it “not a good solution”, whatever the aim, because more liquid, guaranteed savings means less long-term financing for companies; Nicolas Namias (BPCE) speaks of a “recycling of deposits” from other products.
Points not verified
In the source used, we could not verify whether the ceiling will finally be 25,000 or 30,000 euros, the legal procedure, or the value of the future rate.
Learn the grammar
French grammar
Learn sentence patterns and usage from the article’s own sentences.
01Negation and its scope
ne / n’ … pas · ne … plus
Les banques : la Fédération bancaire française s’y oppose et juge que ce n’est « pas une bonne solution », quel que soit l’objectif, car plus d’épargne liquide et garantie signifie moins de financement long pour les entreprises ; Nicolas Namias (BPCE) parle d’un « recyclage de dépôts » venus d’autres produits.Key pointsNormally ne and pas wrap the verb. Before a vowel, ne becomes n’. Check which part of the sentence the negation covers. Ne … plus means “no longer”.
02Citing a source with selon
selon + noun / organisation
Selon franceinfo et l’AFP, le gouvernement a annoncé le mardi 3 novembre que le plafond du livret A passera de 22 950 euros à « entre 25 000 et 30 000 euros », en février 2027.Key pointsSelon means “according to”. Put a person or organisation after it as the source. It separates facts the writer checked directly from what another body or report said. Citing a source does not turn a forecast into an accomplished fact.
03The passé composé for events
present of avoir + past participle
Le gouvernement a annoncé le 3 novembre un relèvement du plafond du livret A, entre 25 000 et 30 000 euros, dès février 2027.Key pointsIt reports past events, as in “announced” or “explained”. A / ont is the auxiliary avoir and the next word is the past participle. The passé composé alone does not tell you the date of the event.
04The present of être
est / sont + complement
Le taux est passé de 3 % en 2024 à 1,5 % début 2026, puis 1,7 % en juillet.Key pointsEst is third-person singular and sont third-person plural of être. They express “is / are” — a state or description. If a past participle follows, it is a different structure such as the passive, so check the words that follow.
05Dates and their prepositions
le + 日付 / du … au …
Le gouvernement a annoncé le 3 novembre un relèvement du plafond du livret A, entre 25 000 et 30 000 euros, dès février 2027.Key pointsLe 15 octobre means “on 15 October”. Distinguish the le before a date from the le that marks a weekly habit like a weekday. Du is de + le and au is à + le, so decide the meaning from the verb and period expressions around them. Their role depends on the group: a range of dates, the date of a bulletin or another complement.
06Million and milliard followed by de
number + million(s) / milliard(s) + de + noun
En septembre, les épargnants ont retiré 1,52 milliard d’euros de plus qu’ils n’en ont déposé.Key pointsMillion and milliard are nouns, so use de before what is counted. Before a vowel it becomes d’. Mille works differently: look at the quantity as a whole instead of applying the same form.
Japanese grammar
Understand the structure and usage from the text.
01Citing a source: によると
noun + によると
franceinfoとAFPによると、政府は11月3日（火）に、リヴレAの上限を現在の2万2,950ユーロから「2万5,000〜3万ユーロ」に引き上げると発表しました。Key pointsAs in “LCPによると”, it shows where the information comes from. What that source reported follows. It is used differently from “私にとって”, which gives one’s own opinion.
02Plan, outlook and policy
〜の予定 / 〜見込み / 〜方針
セバスチャン・ルコルニュ首相は、金利も「上がる見込み」と述べましたが、数字は示していません。Key points予定 is a plan, 見込み a forecast and 方針 a course of action or intention. None of them asserts that something has already been carried out. Note the difference from expressions such as “決まりました”.
03Polite negation and plain form
〜ではありません / 〜ではない
銀行：フランス銀行連盟は反対で、「目的が何であれ良い解決策ではない」と述べ、すぐ引き出せて元本が保証される貯蓄が増えるほど、企業の長期投資に回る資金が減ると主張しています。Key pointsThey negate a noun and similar content. “ではありません” is the polite form and “ではない” the plain form. “成立ではありません” shows that it cannot be said to have been concluded.
04Cause or purpose with ため
〜ため / 〜ために
CDCは「地域のために行動する力が強まる」と歓迎しました。Key pointsため is used for both reason and purpose. “成立ではないため” is a reason and “運転手を守るため” a purpose. Decide from the whole sentence whether what precedes is a cause or a goal.
05The polite past ました
verb stem (連用形) + ました
政府は3日、リヴレAの上限を2027年2月から2万5,000〜3万ユーロに上げると発表しました。Key pointsIn “発表しました”, ました makes a verb polite past. The negative is “ませんでした”. Read the actual date together with the date and time in the text.
06Quoting with と: content and report
plain-form sentence + と + verbe de parole (報じる, 説明する…)
政府は、高校・中学の改修にも使うと述べ、経済学者フィリップ・クレヴェル氏は、国の借入れ能力が増えると見ています。Key pointsと takes the content that is reported or explained. In “改定する方針だと報じました”, “改定する方針だ” is what the report said. Separating the content from who said it and how makes long sentences easier to read.