PEL interest rate: Down to 1% from August 1 2016

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Since August 1 2016 the PEL (home savings plan) interest rate has dropped to 1%, a decrease of 0.5%, while the Livret A interest rate will remain at 0.75% until August 2017.

Note that this decrease only affects savings plans that have been taken out since August 1 2016. Anyone who had opened their savings plan before this date continue to benefit from the interest rate in force at the time the plan was opened. 2.5 % until February 1 2015, 2 % from Feruary 1 2015 to February 1 2016, and 1.5% until July 31 2016.

The Plan d’Epargne Logement (Home Savings Plan) offers the holder certain advantages for buying property.

More about the PEL : click here