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Nine million French people have a housing savings plan (PEL), a bank savings product which makes it possible to finance a real estate purchase at a preferential rate, but which has a lifespan of 15 years maximum. More than a third of holders will be affected by an automatic fence between 2026 and 2030.
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Are you going to have to give up your PEL soon? As of next year, the housing savings plans opened from 2011 will be closed gradually after 15 years. A health sales manager opened his PEL in 2018, with 50 euros placed each month. His book should close in 2033. “I admit that there, I am amazed because I was not at all aware of that. I think it will be necessary to find other solutions to be able to use this money”he launches.
Another saver had his PEL for a future real estate purchase and will have to re -study the options. “I recover my interests, after I will see the director of my bank to ask him questions”he said.
The first wave of fence is scheduled from March 1st next year. Between 2026 and 2030, 36 % of the booklets should be affected, or 93 billion euros in outstanding. So what will this money become? If you do nothing, it will be automatically transferred by your bank to a less remunerative classic savings book.
But other interesting financial investments exist. “The people who have maintained their PEL for 15 years, a priori, are in long-term savings. We will rather seek products which are in line with a long-term placement. And today, life insurance, which is attractive in terms of return, which can offer a guarantee of capital with the Euros funds, is the most suitable placement”Recalls Philippe Crevel, director of the circle of savings. Today, in France, there are 9 million housing savings plans.
