France home savings plan formula rate before floor
France home savings plan formula rate before floor stood at 2.23% 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 2003 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 | |||||||||||
| Home savings plan formula rate, before floor | 2.23 | 2.15 | 2.05 | 2.11 | 2.1 | 2.04 | 1.9 | 1.98 | 1.99 | 1.85 | |
| 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 |
Understanding france home savings plan formula rate before floor
This statistical item measures the theoretical mathematical yield calculated for home savings plans prior to the application of any regulatory minimum floor constraints. The series calculates the raw output of the statutory pricing formula based on underlying swap rates, separating it from the actual enforced remuneration rate paid to account holders. It excludes discretionary bank markups, state premiums, and the final administrative smoothing applied by monetary authorities.
Interpreting this rate requires understanding that when market benchmarks drop significantly, this calculated formula rate can diverge substantially from the actual floor rate enforced by authorities. Analysts use this indicator to gauge underlying structural pricing pressures without administrative distortion. Comparing this measure with the final active plan rate reveals the precise impact of regulatory intervention during periods of low or negative market yields.
Frequently asked questions
- Why does this rate differ from the actual rate paid on savings plans?
- This raw formula value represents the pure mathematical output before authorities apply legal minimum floors to protect savers.
- What financial benchmarks feed into this formula calculation?
- Medium and long-term swap rates and interbank benchmark yields drive the underlying formula mechanics.
- Is this formula rate directly available to retail investors as a deposit product?
- No, retail depositors receive the final regulated rate, which incorporates legal floors and caps absent from this raw calculation.