The rate of the Housing Savings Plan will drop to 1.75% from January 1, 2025

PELs opened from January 1, 2025 will be remunerated at 1.75%, down 0.5 points, according to the Official Journal published Wednesday.

Bad news for savers. The interest rate on home savings plans (PEL) opened from January 1, 2025 will drop by half a point to 1.75%, according to the Official Journal published Wednesday December 18, more than eight years later the last drop. The rate of this regulated savings product, designed to enable a real estate project, is determined when the account is opened and remains the same for its entire lifespan.

This rate is thus devalued for the first time since August 2016, when it fell from 1.50% to 1%. It was increased to 2% on January 1, 2023, then to 2.25% the following year. According to Philippe Crevel, director of the Cercle de l’Epargne think tank, the PEL “will remain less attractive than other regulated savings products” such as the Livret A and the Sustainable and Solidarity Development Booklet, both paid at 3%, or the Popular Savings Booklet (4%). “These products should experience a drop in their remuneration on February 1, but it will remain higher than that of the PEL”anticipate l’expert.

Households wishing to open a PEL must make an initial payment of 225 euros, then at least 540 euros per year with a maximum of 61,200 euros. The contract is for a minimum of 4 years, extendable up to 10 years, then the subscriber can obtain a property loan at a rate fixed in advance, the amount of which will depend on the sums paid and the duration. In the event of early withdrawal before the agreed deadlines, the account is immediately closed.