BoursoBank draws an attractive new offer, but under conditions
Just days after announcing the milestone of 7 million customers in FranceBoursoBank continues its momentum and this time draws a Popular Savings Booklet (LEP) in its savings offer. This regulated product, reserved for French people with modest incomes, is now accessible via the online banking mobile application. BoursoBank thus completes its range of regulated savings accounts, which already includes the A savings accounts, Sustainable and Solidarity Development Accounts (LDDS), Housing Savings Plan (PEL) and Housing Savings Account (CEL). However, the LEP stands out for its attractive rate of 4% net of taxes, significantly higher than that of other livrets, like the very popular Livret A and its 3%. This rate of 4% for the LEP has been in force since August 1, 2024, but should nevertheless be revised on February 1, 2025. We will have to see if it is still as interesting at that time, even if a drop under 3% seems unlikely.
Simple conditions
The LEP offered by BoursoBank is of course subject to the same conditions as that of traditional banks. Thanks to an automatic verification procedure put in place by the tax administration since 2021, opening is simplified: the bank directly checks the eligibility of customers on the basis of their tax notice. To be eligible for the LEP in 2024, the reference tax income must be less than 22,419 euros for a single person or specific ceilings for larger tax households. This simplicity makes the product particularly attractive to young people and low-income households. Once these conditions are met, the Popular Savings Booklet can be opened with a minimum initial deposit of 30 euros and allows you to invest up to 10,000 euros. Funds remain available at all times, and winnings are completely tax-free.
Young savers in the crosshairs
BoursoBank is particularly targeting young people with this new offer. According to the bank, one in three French students is already a customer with it. However, only 24% of these students have a savings product, compared to the national average of 36%. For the neobank, the LEP therefore represents a perfect solution for this target which is often poorly targeted by financial offers. With the addition of this Popular Savings Book, BoursoBank enriches its catalog which now includes 47 products divided into six categories: traditional banking, stock market, savings, loans, insurance and good deals. A fairly plethoric offer which shows that online banking intends to compete with traditional banks rather than other neobanks. Among the latter, only Hello Bank! also offers a LEP.
