Plan d’Epargne Populaire (PEP) account
Regulated savings product. Since 2003, it is no longer possible to open a new PEP; however, existing PEPs remain in effect and funds can be deposited into them up to the maximum deposit amount (€92,000). At the end of the scheme, the holder may receive a lump-sum payout or a life annuity.
Source: Banque de France