Housing savings plan (PEL)
Verified 15 September 2026 - Public Service / (Prime Minister)
You want to save for buy residential real estate ? The home savings plan (PEL) may interest you. The purpose of the PEL granting loans to people who have saved for at least 4 years and which use their savings to finance expenses mainly related to the main dwelling. The PEL rules vary depending on the opening date : from 2018 or before 2018. We present you the information to know.
PEL subscribed from 1erMarch 2011 is limited to 15 years. The first 15-year PEL will expire on 1er March 2026.
Only PEL subscribed before 1er March 2011 may be continued for an unlimited period.
Open from 2018
Anyone can set up a PEL: there is no age, residence or nationality requirement.
If you are under legal protection (guardianship or curatorship for example), this is your legal representative who must open the account for you.
Warning
The PEL is reserved for natural persons. It is therefore not possible to open a PEL for an association or a business.
You can set up a PEL in all banks that have signed an agreement with the government.
These banks are committed to the PEL’s operating rules.
But if you already have one home savings account (CEL), you must subscribe to PEL in the bank where you already have CEL. PEL and CEL must be held in the same facility.
To open the PEL, you must sign a written contract with the bank.
No. You have the right to one PEL. It is forbidden to hold multiple PEL at the same time.
There may be several PEL in your tax home, but not more than one PEL per household member.
Yes, you can combine the PEL with other regulated savings products (booklet A, sustainable and solidarity development booklet, popular savings booketc.).
FYI
If you already have one home savings account (CEL), you must subscribe to PEL in the bank where you already have CEL.
Initial Filing
When opening the account, you must make a payment for a minimum amount of €225.
You can pay this amount into the account by bank transfer, check, or cash if your bank accepts cash deposit.
Periodic payments
You must pay a minimum amount of €540.
You can make periodic payments (monthly, quarterly, or semi-annual). This is specified in the contract.
In general, the amounts of periodic payments are as follows:
- €45 per month
- or €135 by quarter
- or €270 by semester
Payment can be made by bank transfer, check or cash if your bank accepts cash deposit.
Warning
If you do not comply with the terms of payment stipulated in the contract, your PEL will be closed.
Other payments
You can also make other payments (called exceptional payments) in addition to periodic payments.
You choose the amount of these payments, but they must not exceed the PEL ceiling.
The maximum amount you can contribute to the PEL is €61,200.
The balance of the PEL may exceed this limit as a result of the addition of interest.
The interest rate of the PEL is fixed at the opening of the plan. This is the remuneration of the savings deposited on the plan. The rate fixed at the opening is fixed and applies throughout the duration of the plan.
It is to:
- 2.00% for the PEL open from 1er January 2026,
- 1.75% for the PEL open between 1er January 2025 and December 31, 2025,
- 2.25% for the PEL open between 1er January 2024 and December 31, 2024,
- 2% for the PEL open between 1er January 2023 and December 31, 2023,
- 1% for the PEL open between 1er August 2016 and December 31, 2022.
Interest is calculated by fortnight. The interest for the first fortnight is calculated on the 16th of the month, and the interest for the second fortnight is calculated on the 1ster of the following month.
Interest is capitalizable. This means that on December 31 of each year, the interest is added to the capital already saved to produce additional interest the following year.
Please note
The opening date of your PEL determines a rate of return for your savings and also an interest rate for the home savings loan that can be granted to you. Both rates are set by the State.
Interest earned on PELs opened since January 1, 2018 is subject to income tax and social levies.
Each year, interest is subject to the single flat-rate levy (PFU).
PFU (also called flat tax) is carried out by the bank at the rate of 30% . It corresponds to income tax at the flat rate of 12.8% to which social security contributions are added for an overall rate of 17.2%.
FYI
The bank must provide you with an annual statement that shows the amount of interest earned by your PEL and the amount of the non-chargeable flat-rate levy it has made.
The PEL is concluded for a minimum duration of 4 years.
After 4 years, the PEL can be extended from year to year until the maximum duration of 10 years since it opened.
The bank must inform you each year one month before the anniversary date of the plan and you must respond within 5 working days.
The extension entails the continuation of the plan under the same conditions as at the opening.
Beyond 10 years, you can no longer make payments to PEL, but it will continue to earn interest at the rate fixed by the contract for a maximum of 5 years.
After 15 years of existence, your PEL is automatically converted into a regular savings account. It continues to generate interest, but at a rate freely fixed by the bank and not at the rate fixed in the contract.
When the plan expires, you can apply for a loan or transfer your loan entitlements to a family member.
You can withdraw money from the PEL, but after the plan's due date.
The maturity date of the contract may be the original maturity date or the maturity date set after the extension of the contract.
The original maturity date of the PEL is 4e anniversary of account opening.
In case of extension of the contract after the 4the birthday, the due date shall be moved to the following anniversary date.
Thus, the due date can be 5e, on 6e, on 7e, on 8e, on 9e or 10e anniversary of account opening.
Early withdrawal is the one that is made before the PEL deadline.
It causes the account to close.
Early withdrawal can lead to other consequences, which vary depending on when the withdrawal is made.
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Before 2 years
After closing, interest will be recalculated at CEL rate in force on the balance sheet date and you will not be able to benefit from a home savings loan.
Between 2 and 3 years
After closing, you will continue to receive the benefit of the PEL rate of pay, but you will not be able to benefit from a home savings loan.
Between 3 and 4 years
After closing, you will keep the benefit of the PEL rate of pay for 3 years, but you will not be able to benefit from the maximum amount of home savings loan.
After 4 years
Withdrawal after the 4th year of the PEL does not incur penalties, and you retain your loan rights for 1 year.
When your PEL has run its course, you can get a home purchase savings loan with certain conditions. The loan from the PEL finances now only transactions intended for the main dwelling.
The home purchase savings loan can be used to carry out one of the following operations:
- Purchase from your main residence (in the new or in the old)
- Construction of your main residence (purchase of land and building works)
- Extension works (for example, elevation) of your primary residence
- Thermal insulation works your main residence (installation of shutters, double glazing or double windows; insulation of walls, floors or ceilings under roof and facade walls; installation of joints or appliances on air vents or openings)
- Heating Enhancement works from your main residence (installation of thermostatic valves; replacement of boilers or renewal of burners; insulation of the installation; equipment allowing measurement, regulation of heating and better distribution of costs between users of collective heating according to the consumption of each)
- Works for the use of new technologies or energy sources in your main residence (solar installations, including solar water heaters, appliances for the use of wood, waste or thermal discharges from other installations, digesters and gas generators, geothermal heating and connection to a district heating network, heat pump techniques...).)
- Purchase of shares in SCPI (Real Estate Investment Civil business)
- Financing of premises for commercial or professional use which also includes your primary residence.
The property concerned may be located in metropolitan France or in a Dom.
Warning
The bank may demand immediate repayment of the loan if you ultimately use it to finance a transaction that is not part of the operations provided for by the regulations.
You can add the loan entitlements generated by a family member's PEL to your own loan entitlements, if both plans have come to an end.
This requires that the member of your family gives you his or her loan rights.
This can allow you to get a loan of a higher amount.
You can also transfer your loan rights to family members.
If your plan and that of your family member are not domiciled in the same bank, the loan must be granted by the bank that holds the plan with the highest amount of interest earned.
The family members to whom you can assign your loan entitlements or from whom you can receive the loan entitlements are:
- Your spouse
- Your children or your spouse's children
- Your grandchildren or your spouse's grandchildren
- Your parents or your spouse's parents
- Your grandparents or your spouse's grandparents
- Your siblings and their spouses or your spouse's siblings
- Your nephews and nieces or your spouse's nephews and nieces
- Your uncles and aunts or your spouse's uncles and aunts
The amount of the home savings loan varies depending on the duration of the plan and the interest you have earned, but it cannot exceed €92,000.
The home ownership savings loan can take the form of a home loan or a works loan, which is consumer credit.
It is a consumer credit if the amount of the loan is less than or equal to €75,000, and a mortgage if the amount of the loan is greater than €75,000.
The loan rate is set as soon as the plan is opened.
It is to:
- 3.20% open from 1er January 2026
- 2.95%for the PEL open between 1er January 2025 and December 31, 2025
- 3.45% for the PEL open between 1er January 2024 and December 31, 2024
- 3.2% for the PEL open between 1er January 2023 and December 31, 2023
- 2.2% for the PEL open between 1er January 2018 and December 31, 2022
PEL open from 1er January 2018 no longer entitle to the State premium.
It is possible to transfer your PEL to another bank while retaining the advantages acquired in the former bank: plan age, interest rate and loan entitlements.
But the bank that owns the PEL can refuse the transfer.
In this case, you need to close the old PEL and open a new one with the new bank.
If the bank that owns the PEL accepts the transfer, it may charge you a transfer fee. These fees vary from one establishment to another.
It is also possible to transfer your PEL to a member of your family (child, grandchild, but also spouse, brother, sister, mother, father, uncle, aunt, nephew, niece…).
But the person you are transferring the plan to does not have to already hold a PEL.
The PEL may be the subject of a administrative seizure to third-party holder.
The PEL may also be the subject of a input-allocation.
You can decide to close your PEL at any time, but the bank can also close your PEL in some cases.
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Closing at your initiative
If you wish to close your PEL, you must request it from the bank, according to the procedure laid down in the contract: by email, by post or on the spot.
The closure of the PEL can make you lose some of the advantages linked to the plan: capitalization of interest, rights to home loan savings...
Closure at the initiative of the bank
The bank can close your PEL if you do not comply with the terms of the plan.
The bank can close your PEL if you do not make the required periodic payments, or if the total of these periodic payments does not reach the amount of €540 per year.
The bank can also close your PEL if you withdraw before the 3rde anniversary of the plan's opening date.
The bank can also close your PEL if the account balance exceeds the regulatory limit of €61,200.
The situation varies depending on whether the PEL is under 10 or over 10 years old:
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The PEL is less than 10 years old
The death of the PEL holder shall in principle lead to the closure of the plan.
But an heir of the holder can take over the plan if the ceiling is not yet reached.
The heir who takes over the PEL must undertake to respect all the commitments of the deceased (make periodic payments).
The heir who already had a PEL in his name before the death can keep it at the same time as the one he received by succession.
FYI
if no heir takes over the PEL, it is closed.
The PEL is more than 10 years old
The PEL which has come to term on the death of the holder is closed and its amount is shown on the assets of the estate.
When the bank is informed of the death of the holder of the home savings plan, it must close the plan, as well as all accounts in the name of the deceased person. But if the PEL has less from 10 years, it can be taken over by one of the heirs.
Inheritance fees are now capped in all banks for deposit and booklet accounts.
The bank may charge you fees for the steps it takes in connection with the succession (inventory of funds, verification of the powers and identity of the heirs, transfer of money to the heirs...).)
The amount of the fee is capped at 1% the total balance of the accounts and savings products of the deceased. This amount cannot exceed €857.
Open before 2018
No. You have the right to one PEL. It is forbidden to hold multiple PEL at the same time.
There may be several PEL in your tax home, but not more than one PEL per household member.
Yes, you can combine the PEL with other regulated savings products (booklet A, sustainable and solidarity development booklet, popular savings booketc.).
FYI
If you already have one home savings account (CEL), you must subscribe to PEL in the bank where you already have CEL.
You must pay a minimum amount of €540 over the course of a year.
You must make periodic payments, the amount of which is set by the contract as follows:
- €45 per month
- or €135 by quarter
- or €270 by semester
You can also make other payments in addition to periodic payments.
You can no longer make a payment when the ceiling is reached.
The maximum amount you can contribute to the PEL is €61,200.
The balance of the PEL may exceed this limit as a result of the addition of interest.
The rate of pay shall be fixed at the opening of the PEL.
Opening Date | Rate |
|---|---|
Between July 1999 and May 2000 | 2.61% |
Between June 2000 and July 2003 | 3.27% |
Between August 2003 and January 2015 | 2.5% |
Between February 2015 and January 2016 | 2% |
Between February 2016 and July 2016 | 1.5% |
From 1er august 2016 to december 31, 2017 | 1% |
Interest is capitalizable. This means that on December 31 of each year, interest is added to the capital already saved to generate additional interest.
Interest from the PEL can be exempt from income tax and social security contributions, depending on the opening date and age of the plan.
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PEL opened before 1 March 2011
Income tax
Interest for the first 12 years of the PEL is exempt from income tax.
From 13e In any given year, interest earned from the PEL is subject to income tax.
Social levies
Social security contributions for the first 10 years are collected for the first time on the 10the anniversary of the plan, or at closure, if earlier.
From 11e In each year, social security contributions are levied at the current rate.
PEL since 1 March 2011
Income tax
Interest for the first 12 years of the PEL is exempt from income tax.
From 13e In any given year, interest earned from the PEL is subject to income tax.
Social levies
Social security contributions are payable each year on interest.
Minimum duration
The PEL is concluded for a minimum duration of 4 years.
Maximum duration
After 4 years, the PEL can be extended from year to year until the maximum duration of 10 years since it opened.
The bank must inform you one month before the deadline and you must respond within 5 working days.
The extension causes the continuation of the plane under the same conditions as during the opening.
If the contract is extended after 4 years, you can make payments on the PEL until the new due date, which cannot exceed 10e anniversary of the plan.
The fate of the plan that has expired depends on its opening date.
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PEL opened before 1 March 2011
You can no longer make payments beyond 10 years of the plan, but your PEL continues to earn interest at the rate set out in the contract, for an unlimited period.
PEL opened after 1 March 2011
Beyond the 10 years of the plan, you can no longer make payments, but your PEL continues to earn interest at the rate set out in the contract for up to 5 years.
After 15 years of existence, your PEL is automatically converted into a regular savings account.
It continues to generate interest, but at a rate freely fixed by the bank and not at the rate fixed in the contract.
You can withdraw money from the PEL, but after the plan's due date.
The maturity date of the contract may be the original maturity date or the maturity date set after the extension of the contract.
The original maturity date of the PEL is 4e anniversary of account opening.
In case of extension of the contract after the 4the birthday, the due date shall be moved to the following anniversary date.
Thus, the due date can be 5e, on 6e, on 7e, on 8e, on 9e or 10e anniversary of account opening.
Early withdrawal is the one that is made before the PEL deadline.
It results in account closure and other consequences, which vary depending on when the withdrawal is made.
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Before 2 years
After closing, interest will be recalculated at CEL rate in force on the balance sheet date and you will not be able to benefit from a home savings loan.
Between 2 and 3 years
After closing, you will keep the benefit of the PEL rates of pay, but you will not be able to benefit from a home savings loan.
Between 3 and 4 years
After closing, you will keep the benefit of the PEL rate of pay for 3 years, but you will not be able to benefit from the maximum amount of home savings loan.
For PELs opened before 2018, the amount of the government premium is reduced by half.
After 4 years
Withdrawal after 4 years of PEL, does not incur a penalty.
But if the removal is done on a PEL that was opened before 1er in april 1992, the benefits of the plan are limited to the four-year period.
When your PEL has run its course, you can get a home purchase savings loan with certain conditions.
The loan may be used to carry out different operations after the PEL opening date. The loan from the PELs opened since 1 March 2011 finances now only transactions intended for the main dwelling.
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PEL opened before 1 March 2011
The home purchase savings loan can be used to carry out one of the following operations:
- Purchase of your primary residence (in the new or in the old)
- Construction of your primary residence (purchase of land and building works)
- Works to extend, repair, or improve your primary residence (elevation, energy saving, facade renovation of a condominium building...))
- Purchase of shares of Real Estate Investment business (REIT)
- Construction or purchase of a second home (in the new)
- Renovation or extension of a second home
- Purchase of a leisure or tourist residence
The real estate targeted can be located in metropolitan France, Guadeloupe, Guyana, Reunion, Martinique, Mayotte.
Warning
The bank may demand immediate repayment of the loan if you ultimately use it to finance a transaction that is not part of the operations provided for by the regulations.
PEL opened after 1 March 2011
The home purchase savings loan can be used to carry out one of the following operations:
- Purchase from your main residence (in the new or in the old)
- Construction of your main residence (purchase of land and building works)
- Extension works (for example, elevation) of your primary residence
- Thermal insulation works your main residence (installation of shutters, double glazing or double windows; insulation of walls, floors or ceilings under roof and facade walls; installation of joints or appliances on air vents or openings)
- Heating Enhancement works from your main residence (installation of thermostatic valves; replacement of boilers or renewal of burners; insulation of the installation; equipment allowing measurement, regulation of heating and better distribution of costs between users of collective heating according to the consumption of each)
- Works for the use of new technologies or energy sources in your main residence (solar installations, including solar water heaters, appliances for the use of wood, waste or thermal discharges from other installations, digesters and gas generators, geothermal heating and connection to a district heating network, heat pump techniques...).)
- Purchase of shares in SCPI (Real Estate Investment Civil business)
- Financing of premises for commercial or professional use which also includes your primary residence.
The property concerned may be located in metropolitan France or in a Dom.
Warning
The bank may demand immediate repayment of the loan if you ultimately use it to finance a transaction that is not part of the operations provided for by the regulations.
You can add the loan entitlements generated by a family member's PEL to your own loan entitlements, if both plans have come to an end.
This requires that the member of your family gives you his or her loan rights.
This can allow you to get a loan of a higher amount.
You can also transfer your loan rights to family members.
If your plan and that of your family member are not domiciled in the same bank, the loan must be granted by the bank that holds the plan with the highest amount of interest earned.
The family members to whom you can assign your loan entitlements or from whom you can receive the loan entitlements are:
- Your spouse
- Your children or your spouse's children
- Your grandchildren or your spouse's grandchildren
- Your parents or your spouse's parents
- Your grandparents or your spouse's grandparents
- Your siblings (and their spouses) or your spouse's siblings
- Your nephews and nieces or your spouse's nephews and nieces
- Your uncles and aunts or your spouse's uncles and aunts
The amount of the home savings loan varies depending on the duration of the plan and the interest you have earned, but it cannot exceed €92,000.
The home ownership savings loan can take the form of a home loan or a works loan, which is consumer credit.
It is a consumer credit if the amount of the loan is less than or equal to €75,000, and a mortgage if the amount of the loan is greater than €75,000.
The loan rate is set as soon as the plan is opened.
It varies according to the date of opening of the plan.
Opening Date | Rate |
|---|---|
From 1er July 1985 to May 15, 1986 | 6.45% |
From 16 May 1986 to 6 February 1994 | 6.32% |
From 7 July 1994 to 22 January 1997 | 5.54% |
From 23 January 1997 to 08 June 1998 | 4.80% |
From 9 June 1998 to 25 July 1999 | 4.60% |
From 26 July 1999 to 30 June 2000 | 4.31% |
From 1er July 2000 to July 31, 2003 | 4.97% |
From 1er August 2003 to January 31, 2015 | 4.20% |
From 1er February 2015 to January 31, 2016 | 3.20% |
From 1er February 2016 to July 31, 2016 | 2.70% |
From 1er august 2016 to december 31, 2017 | 2.20% |
In addition to the home savings loan, the PEL opened before 2018 can allow you to to obtain, under certain conditions, a State premium.
This premium may be increased in certain cases.
The surcharge applied to the premium is called surcharge.
FYI
Works can be financed by a PEL loan. In this case, the amount of the premium can never exceed €1,000, the increased amount being reserved for construction or acquisition operations.
If you apply for the government bonus, the credit institution that owns your PEL must forward the application to the Business of Financing Management and the Guarantee of Social Access to Property (SGFGAS).
The application must be accompanied by information enabling the administration to verify that you do not have more than one PEL.
This information includes:
- Your name, first name and date of birth
- The code of your municipality of birth (INSEE code if it is a French municipality)
- Your PEL number
- The opening date of your PEL
- The amount of the State premium and the amount of the loan
- The closing date of your PEL
- The amount of the surcharge and the number of your dependants (if you apply for the surcharge)
The credit institution must provide you with the information it has provided to the department responsible for examining the application.
This information is the subject of a processing of personal data and it can be retained for up to 4 years after the last installment of the State premium has been paid.
You have a right of access to your personal data, and you can request, if necessary, the correction of errors.
But you can not request the erasure of the data before the 4-year period.
FYI
The State premium and the surcharge are exempt from income tax, but taxable to social security contributions.
The conditions for granting the government premium and the surcharge vary according to the date of opening of the PEL.
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PEL open between August 2016 and December 2017
The government premium is paid only if the PEL interest entitles you to a mortgage loan of €5,000 minimum.
The amount of the premium shall correspond to 100 % of the interest earned, but shall not exceed €1,000.
The premium ceiling shall be increased to €1,525 when the real estate project financed is construction or thepurchase :
- Either of a new dwelling having an overall level of energy performance higher than that required by the regulations in force at the time the application for a building permit was submitted,
- Either of an old dwelling with a low level of energy consumption, assessed on the date of signature of the authentic instrument according to a regulatory classification in force on that date.
The premium is increased according to family expenses.
The mark-up shall be 10% the amount of interest earned, with a ceiling of €100 per dependent. The ceiling is raised to €153 per dependent where the project financed is a purchase or construction of a new or old dwelling meeting a certain energy performance threshold.
To know more precisely the energy performance criterion that your real estate project must meet to benefit from the increases, you can contact a France Rénov' advisor:
Who shall I contact
Allows to be accompanied free in its renovation works by advisors of France Rénov'.
By phone
0,808,800,700
Open from Monday to Friday from 9am to 6pm. You must have your last tax notice.
Free service + cost of a call
PEL open between February and July 2016
The government premium is paid only if the PEL interest entitles you to a mortgage loan of €5,000 minimum.
The amount of the premium corresponds to 2/3 of the interest earned, without exceeding €1,000.
The premium ceiling shall be increased to €1,525 when the real estate project financed is construction or thepurchase :
- Either of a new dwelling having an overall level of energy performance higher than that required by the regulations in force at the time the application for a building permit was submitted,
- Either of an old dwelling with a low level of energy consumption, assessed on the date of signature of the authentic instrument according to a regulatory classification in force on that date.
The premium is increased according to family expenses.
The mark-up shall be 10% the amount of interest earned, with a ceiling of €100 per dependent. The ceiling is raised to €153 per dependent when the project financed is a purchase or construction of a new or old dwelling meeting a certain energy performance threshold.
To know more precisely the energy performance criterion that your real estate project must meet to benefit from the increases, you can contact a France Rénov' advisor.
Who shall I contact
Allows to be accompanied free in its renovation works by advisors of France Rénov'.
By phone
0,808,800,700
Open from Monday to Friday from 9am to 6pm. You must have your last tax notice.
Free service + cost of a call
PEL opened between February 2015 and January 2016
The government premium is paid only if the PEL interest entitles you to a mortgage loan of €5,000 minimum.
The amount of the premium corresponds to 50% vested interests, without exceeding €1,000.
The premium ceiling shall be increased to €1,525 when the real estate project financed is construction or thepurchase :
- Either of a new dwelling having an overall level of energy performance higher than that required by the regulations in force at the time the application for a building permit was submitted,
- Either of an old dwelling with a low level of energy consumption, assessed on the date of signature of the authentic instrument according to a regulatory classification in force on that date.
The premium is increased according to family expenses.
The mark-up shall be 10% the amount of interest earned, with a ceiling of €100 per dependent. The ceiling is raised to €153 per dependent when the project financed is a purchase or construction of a new or old dwelling meeting a certain energy performance threshold.
To know more precisely the energy performance criterion that your real estate project must meet to benefit from the increases, you can contact a France Rénov' advisor.
Who shall I contact
Allows to be accompanied free in its renovation works by advisors of France Rénov'.
By phone
0,808,800,700
Open from Monday to Friday from 9am to 6pm. You must have your last tax notice.
Free service + cost of a call
PEL opened between March 2011 and January 2015
The government premium is paid only if the PEL interest entitles you to a mortgage loan of €5,000 minimum.
The amount of the premium corresponds to 40% vested interests, without exceeding €1,000.
The premium ceiling shall be increased to €1,525 when the real estate project financed is construction or thepurchase :
- Either of a new dwelling having an overall level of energy performance higher than that required by the regulations in force at the time the application for a building permit was submitted,
- Either of an old dwelling with a low level of energy consumption, assessed on the date of signature of the authentic instrument according to a regulatory classification in force on that date.
The premium is increased according to family expenses.
The mark-up shall be 10% the amount of interest earned, with a ceiling of €100 per dependent. The ceiling is raised to €153 per dependent when the project financed is a purchase or construction of a new or old dwelling meeting a certain energy performance threshold.
To know more precisely the energy performance criterion that your real estate project must meet to benefit from the increases, you can contact a France Rénov' advisor.
Who shall I contact
Allows to be accompanied free in its renovation works by advisors of France Rénov'.
By phone
0,808,800,700
Open from Monday to Friday from 9am to 6pm. You must have your last tax notice.
Free service + cost of a call
PEL opened between 13 December 2002 and 28 February 2011
The government bonus is paid if the PEL interest entitles you to a mortgage, regardless of the amount.
The premium is included in the PEL interest rate. Its amount is capped at €1,525.
The amount of the premium may not be increased.
PEL open until 12 December 2002
The State bonus is paid without conditions.
The premium is included in the PEL interest rate. Its amount is capped at €1,525.
The amount of the premium may not be increased.
It is possible to transfer your PEL to another bank while retaining the advantages acquired in the former bank: plan age, interest rate and loan entitlements.
But the bank that owns the PEL can refuse the transfer.
In this case, you need to close the old PEL and open a new one with the new bank.
If the bank that owns the PEL accepts the transfer, it may charge you a transfer fee. These fees vary from one establishment to another.
It is also possible to transfer your PEL to a member of your family (child, grandchild, but also spouse, brother, sister, mother, father, uncle, aunt, nephew, niece…).
But the person you are transferring the plan to does not have to already hold a PEL.
The PEL may be the subject of a administrative seizure to third-party holder.
The PEL may also be the subject of a input-allocation.
The seizure results in the loss of the right to the home savings loan.
You can decide to close your PEL at any time, but the bank can also close your PEL in some cases.
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Closing at your initiative
If you wish to close your PEL, you must request it from the bank, according to the procedure laid down in the contract: by email, by post or on the spot.
Closure at the initiative of the bank
The bank can close your PEL if you do not comply with the terms of the plan.
The bank can close your PEL if you do not make the required periodic payments, or if the total of these periodic payments does not reach the amount of €540 per year.
The bank can also close your PEL if the account balance exceeds the regulatory limit of €61,200.
The situation varies depending on whether the PEL is under 10 or over 10 years old:
Répondez aux questions successives et les réponses s’afficheront automatiquement
The PEL is less than 10 years old
The death of the PEL holder shall in principle lead to the closure of the plan.
But an heir of the holder can take over the plan if the ceiling is not yet reached.
The heir who takes over the PEL must undertake to respect all the commitments of the deceased (make periodic payments).
The heir who already had a PEL in his name before the death can keep it at the same time as the one he received by succession.
FYI
if no heir takes over the PEL, it is closed.
The PEL is more than 10 years old
The PEL which has come to term on the death of the holder is closed and its amount is shown on the assets of the estate.
When the bank is informed of the death of the owner of the home savings plan, it must close the plan (and all accounts in the name of the deceased person). But if the PEL is less than 10 years old, it can be taken over by one of the heirs.
Inheritance fees are now capped in all banks for deposit and booklet accounts.
The bank may charge you fees for the steps it takes in connection with the succession (inventory of funds, verification of the powers and identity of the heirs, transfer of money to the heirs...).)
The amount of the fee is capped at 1% the total balance of the accounts and savings products of the deceased. This amount cannot exceed €857.
PEL interest rates from 1 January 2026
Credit institution concerned (Article L315-3)
Contract (Article R315-25), beneficiary (Article R315*-26), payments (Article R315*-27) , duration (Article R315*-28), rate (Article R315*-29), closure (Articles R315*-31 and R315*-32)
Exemption from income tax for interest and savings premium (Article 157)
Supervision of bank charges in the event of succession
Supervision of bank charges in the event of succession - ceiling
Insurance Bank Savings Info Service
Institute for Public Financial Education (IEFP)