The preferred savings account of the French is about to face a serious setback. The rate of the Livret A, held by more than 55 million people, will drop to 1.7% on August 1, 2025, down from 2.4% today. This is a significant decline, the largest since 2009, validated by the Banque de France and in accordance with the regulatory formula. In an still fragile economic climate, this decision reignites the debate on the profitability of regulated savings and raises questions about the future choices of savers in search of alternative solutions.