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What savings for under-18s?

Publié le null - Directorate for Legal and Administrative Information (Prime Minister)

Livret A, livret jeunesse, savings account housing (CEL)... Maybe you're thinking of opening a savings book for your children, nephew or grandchildren? But do you know what types of booklets are available to people under 18? Service-Public.fr take stock.

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Image 1Crédits: © rodjulian - stock.adobe.com

In terms of savings, it is possible to open to a minor:

Tableau - Comparison between different types of accounts and savings books

Name

Conditions

Ceiling

Availability

Interest

Cumulation

Booklet A

1 livret A or livret du Crédit Mutuel per person

€22,950

Funds available

2% per year (to 1er August)

Possible

Young booklet

- From 12 to 25 years

- 1 youth booklet per person

€1,600

- Funds available

- Withdrawals subject to authorization before 16 years

At least 2% per year (to 1er August)

Possible

Home Savings Account (CEL)

Do not have another EL or ELP in another facility

€15,300

Funds beyond €300 available

1.25% per year (to 1er August) + soft loan (and state premium if opened before 2018)

Possible, but if it is with a PEL, it must be subscribed in the same bank as the CEL

Housing Savings Plan (PEL)

Not have another ELP or ELC in another establishment

€61,200

Withdrawal leads to closure of the ELP, it can be transformed into an ELC.

1% per year + reduced rate loan (and State premium if opened before 2018)

Possible, but if it is with a CEL, it must be subscribed in the same bank as the PEL

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