France average rate on outstanding home savings plans
France average rate on outstanding home savings plans stood at 2.64% in Aug 2026, according to ECB Data Portal – MFI interest rate statistics (MIR), reported by Banque de France. It is one of the indicators in the Bank interest rates and new loans table (Value · Monthly), with a complete series running from Jan 2012 to Aug 2026. The complete series with an interactive chart, free to download.
This indicator in the Bank interest rates and new loans table
| Indicator | 08-2026 | 07-2026 | 06-2026 | 05-2026 | 04-2026 | 03-2026 | 02-2026 | 01-2026 | 12-2025 | 11-2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest rates on regulated savings products | |||||||||||
| Average rate on outstanding home savings plans | 2.64 | 2.64 | 2.63 | 2.64 | 2.63 | 2.62 | 2.63 | 2.63 | 2.63 | 2.63 | |
| Youth savings accounts (livret jeune) | 2.53 | 2.59 | 2.56 | 2.61 | 2.56 | 2.74 | 2.69 | 2.88 | 2.87 |
Understanding france average rate on outstanding home savings plans
The metric tracks the weighted average percentage yield currently paid across the entire stock of legacy and active multi-year home savings plans held by retail depositors. This series aggregates yields across various contract vintages established over many years, distinguishing it from the single-cohort rates assigned to newly initiated plans. It omits the rates on short-term passbook products and corporate funding instruments.
When reading this indicator, analysts must recognize its heavy inertia, as the average moves slowly due to the massive volume of older contracts locked at historical rates. Seasonal variations are absent because the underlying stock represents long-term contractual commitments. Comparing this average directly against current new-business lending or deposit rates leads to misinterpretations regarding bank funding costs, as the legacy stock reflects past interest rate environments.
Frequently asked questions
- Why does this average rate move much slower than current market interest rates?
- The figure aggregates millions of older contracts locked at fixed historical yields, creating significant statistical inertia.
- Does this series include both active and maturing home savings contracts?
- It covers the outstanding stock of plans currently in the accumulation phase within the banking sector.
- Can commercial banks alter the yield on existing home savings plans at will?
- No, the remuneration rates are bound by the regulatory terms established when each specific contract cohort was opened.