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Home Savings Plan

PEL: the rate of pay rises to 2.25%

Publié le 10 janvier 2024 - Directorate for Legal and Administrative Information (Prime Minister)

Since 1^er January 2024, if you open a home savings plan (HSP), you benefit from a rate of 2.25%, compared to 2% in 2023. Service-Public.fr takes stock of the arrangements for opening an ELP.

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A notice on the rate of pay for home savings plans was published in the Official Journal of 15 December 2023. It sets the increase in the housing savings plan (ELP) rate at 2.25% gross in 2024, compared to 2 % in 2023. This increase relates only to plans newly opened since 1^er January 2024.

Please note

the rate of pay for the housing savings plan shall be fixed at the time it is opened. His remuneration is guaranteed throughout his life, unlike a savings book whose rate can be revised several times a year. Thus the planes open before the 1^er January 2024 will keep their rate at 2%.

The housing savings plan allows its holders to build up savings but also to obtain a home loan at a rate guaranteed in advance. This lending rate has risen to 3.45% since the 1^er January 2024.

The minimum initial payment to be made in order to open an ELP is €225 and subsequent payments should be a minimum of €540 per year (or €45 per month). The minimum duration of the ELP is 4 years. Any earlier withdrawal shall result in its closure. The maximum duration is 10 years.

FYI

any person, even a minor, can open a PEL. If you already have a home savings account (CEL), you can also open a PEL provided you do so in the same bank.

It is also possible to combine a PEL and a Livret A.