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France Sets 2% Rate for PELs Opened in 2026

The decision fixes returns for up to 15 years for new contracts, implying a 3.20% home-loan rate under the scheme.

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La rémunération des plans d'épargne logement dépend du taux en vigueur au moment de la signature et n'évolue pas durant les 15 ans de vie de ces produits.
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Overview

  • An official notice published in the Journal officiel on December 20 confirms the 2% remuneration for PELs opened from January 1, 2026.
  • The new rate applies only to plans opened in 2026, while existing PELs retain the rate set on their signing date for their 15-year duration.
  • Under PEL rules, the 2% savings rate corresponds to a fixed borrowing rate of 3.20% for eligible housing loans.
  • The adjustment follows recent changes: 2.25% for plans opened in 2024, 2% in 2023, 1.75% for 2025 openings, and 1% from August 2016 through end-2022.
  • PEL terms include a €225 initial deposit, at least €540 per year up to a €61,200 cap, with €207.1 billion outstanding as of June 2025; PELs opened in 2011 will be closed and funds moved to ordinary savings from March 2026 under the 15-year limit.