Are you considering opening a housing savings plan (PEL)? If you have the financial capacity, do not wait until January 1: the interest rate on PELs opened from this date will drop by 0.5 points, to reach 1.75% gross, indicates the Ministry of Finance. ‘Economy in a document published Wednesday December 18 at Official Journal.
A gross yield of 1.75% is equivalent to 1.25% net, explained Wednesday to Thanks for the info Philippe Crevel, director of the Savings Circle.
A rate of 2.25% gross since January 1
Bercy specifies that it is based on a “letter from the governor of the Bank of France of December 5” latest as well as on a decree of January 27, 2021. According to this text, the Banque de France relies on a calculation formula taking into account the two, five and ten year rates of a financial instrument, the exchange contract of interest rate (rate swap). The institution may consider that “exceptional circumstances” may make it possible to deviate from the result of the calculation formula, specifies the decree.
Since January 1, 2024 and until December 31, the PEL rate amounts to 2.25% gross, or 1.75% net.
You can open a PEL by paying €225
The funds saved in your home savings plan, over a minimum period of four years, are remunerated at the rate in effect on the date of subscription of the investment with your bank.
To open a PEL, you must pay at least €225. Then, to avoid closing your home savings plan, you must fund it with a minimum amount of €540 each year.
