The housing savings plan (PEL), this investment which allows you to save in order to obtain a loan at an attractive rate, will see its remuneration double
Good news for households looking to save for a home purchase. The housing savings plan (PEL), this investment which allows you to save in order to obtain a loan at an attractive rate, will see its remuneration double. It will increase from 1 to 2% on 1er January 2023 announced Bruno the Mayorthe Minister of the Economy.
This will apply for new PEL subscribed from this date. “This is a new support for the savings of the French after the increase in the rates of the booklet A and the sustainable and solidarity development booklet, to 2%, and the popular savings booklet, to 4.6%”, indicated the tenant of Bercy. Due to the renewed inflation, these investments had in fact seen their rate revalued last August.
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The Minister thus followed the recommendation of the Governor of the Banque de France, François Villeroy de Galhau, based on the formula for calculating the PEL rate. This makes it possible to take into account the evolution of market rates in the remuneration of this investment. The PEL rate, which has been falling continuously for twenty-two years, has been set at 1% since 2016.
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The housing savings plan allows you to save – up to 61,200 euros – in order to finance the purchase, construction or work on your main residence. It entitles you to a credit of 5,000 to 92,000 euros, for a period ranging from two to fifteen years, at 2.2%. The rate of this right to the loan will nevertheless be less favourable, on 1er January 2023. It will drop to 3.2%, according to Bercy.
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Is this boost likely to make savers want to invest their money in this account? Not so sure, because the PEL remains taxed (at the flat tax at 30%) and the money is blocked for four years to fully benefit from the right to the loan. “Other regulated savings products are more liquid and better remunerated”, recalls Cyrille Blesson, associate economist at Pair Conseil. According to this specialized firm, the remuneration of the livret A should increase to 3.3% on 1er next February, and that of the popular savings account (LEP), at 6%. At the end of 2021, the Banque de France identified 12.2 million PELs.