All the official rates for your savings accounts, drop in property loan rates… The 3 money news for this Tuesday, January 16
1 – Real estate rates 3% at the end of 2024?
After a particularly complicated year 2023 with real estate loan rates increasing on average over 20 years from 2.3% to 4.3% between January and December, what can we expect from 2024? Is a rate cut possible? According to the broker Pretto, there is indeed a scenario where credit rates would return to around 3% by the end of 2024. An opinion that other experts in the sector do not share.
2 – Investment to double your savings
Life insurance, Livret A 3%, LEP 5% on February 1, PEL 2.25% in 2024… Which savings product will allow you to double your savings most quickly? Of course, this is just a fictional calculation that allows you to compare performance in a more concrete way than with percentages. For example, for the Livret A, you needed 139 years with a rate of 0.5%, 70 years at 1%, 36 years with a Livret A paying 2%, and now only 24 years at the rate of 3% to double your savings. Based on on current ratesa single savings account would allow you to double your savings in 15 years and triple it in less than 25 years. Find out which one here.
3 – Life insurance returns
Life insurance rate of return announcement season is in full swing. Insurers, banks, savings associations… All players in the sector are publishing the 2023 remuneration of their funds in euros one by one. Among today’s announcements, Gaipar and Afer. The two savings associations are not doing well and are offering rates lower than the average for the year 2023: respectively 2.30% and 2.22%.
Life insurance: the 2023 rate charts