📌 Key features of Livret A passbook savings accounts

The Livret A is a government-regulated savings product, appreciated for its simplicity and numerous advantages:

• Interest rate 📈: Currently set at 3% since February 2023, it will be lowered to 2.4% from February 1, 2025.
• Ceiling 💰 €22,950 for individuals and €76,500 for associations (excluding capitalized interest).
• Taxation 🏷️: Interest is exempt from income tax and social security contributions.
• Accessibility 👥 : Anyone can open a Livret A, including minors with certain conditions.

🔄 How does the Livret A savings account work?

💡 Availability of funds :

The money deposited is available at any time, with no withdrawal fees. Withdrawals can be made from the age of 16, with the agreement of the legal guardian if necessary.

📅 Interest calculation and payment :

• Interest is calculated on the 1st and 16th of each month.
• They are paid out on December 31 and can exceed the Livret A ceiling.

🚀 Livret A benefits

• 💯 Security: Funds are guaranteed by the State, a guarantee of peace of mind.
• 📜 Simplicity: Open, manage and close with no fees or complex formalities.
• 🌿 Societal impact: Funds are used to finance social housing and urban renewal via Caisse des Dépôts.

❗ What you need to know before opening a Livret A savings account

• Only one Livret A per person: Duplication is prohibited and may result in penalties.
• No transfer between banks: If you wish to change banks, you must first close your current Livret A.

📝 How do I open or close a Livret A?

• Opening: Available at all banks, including online banks, since 2009.
• Closing: A simple request to your bank is all you need, in person or by post.

🔎 In the case of an inactive passbook

If a Livret A remains inactive for 10 years, it is transferred to Caisse des Dépôts. With the Ciclade tool, you can check whether forgotten funds have been returned to you.

Would you like to optimize your savings?
Contact Monceau CPA for personalized assistance and advice tailored to your projects!

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