Quickly open your Home Savings Plan (PEL) before December 31 to benefit from its current rate of 2.25%. From January 1, 2025, this yield will drop to 1.75%, a given rate which is gross of taxation.
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– The PEL rate will fall on January 1, 2025.
The countdown is on. If you were planning to open a Home Savings Plan (PEL) soon, it is better to hurry up, and, above all, not wait until next year. In fact, from January 1, 2025, the interest rate on this savings product will fall by 0.5 points, and thus pass from 2.25% to 1.75%as indicated in a notice published in the Official Journal on Wednesday, December 18. You will therefore need to subscribe to your PEL before December 31 with your bank to benefit from its interest rate of 2.25%.
Unlike other regulated savings solutions (Livret A, Popular Savings Booklet, Sustainable and Solidarity Development Booklet) whose rate varies throughout the year, that of PELs is fixed once a year – the January 1 – and applies to all new subscriptions until December 31. As a bonus, this rate is fixed definitively: it then does not change for the entire duration of the plan. However, when we know that a PEL can produce interest for 15 years, it is better to open it when its rate is at its highest!
Net of taxation, the PEL rate will not exceed 1.2% in 2025
This is all the more so since, also unlike your Livret A or your LEP, the interest on PELs is no longer tax-exempt since 2018. In other words, the interest rate of 1.75% applicable on January 1 is given gross of tax. If we apply the single flat rate levy (PFU or flat tax) of 30%, the net return of a saver who opens a PEL in 2025 will only be 1.225%. Only non-taxable individuals who have opted for taxation on the income tax scale will be able to hope for slightly better: a maximum net remuneration of 1.449%.
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