Rates of up to 4.5% for funds in euros in 2023, a usury rate which increases further, changes for your budget expected in November… Discover the 3 money news for this Friday October 27.
1- Life insurance: the best funds in euros could reach 4.5% in 2023
Good news: the rates of funds in euros, guaranteed in capital, should reach 2.5% on average in 2023. The best funds, created in 2023, could well offer a return of up to 4.5%, according to the latest barometer life savings from Facts & Figures. But be careful, strong disparities between insurers are to be expected.
2- Real estate credit: the usury rate increases further
The usury rate, the maximum rate above which a bank cannot lend, was increased again, from 5.8% in October to 5.91% for the month of November for 20-year loans. An increase which can be explained by the rates offered by banks on this type of loan, going from 4.34% to 4.47%. This wear rate will be reviewed again in December.
If the objective of the monthly payment of the usury rate was to streamline access to real estate credit, the calculation should return to quarterly. This Thursday, October 26, the European Central Bank (ECB) decided not to increase its main key rate. Good news for borrowers who will finally see credit rates stabilize.
3- What awaits you in November
Changes are expected for your budget in November. On the retirement side, the Agirc-Arrco supplement increases by 4.9% from November 1. Good news also for civil servants in the hospital civil service, the state civil service (including teachers) and for the military: a bonus of up to 800 euros will be paid to them (under certain conditions) with their salary for the month ‘october.
But it’s not all good news: the price of gas continues to rise. The rate per kWh goes from 0.093euro to 0.098euro in one month for household hot water and cooking and from 0.116euro/kWh to 0.120euro/kWh for its heating counterpart. Find everything that changes here.