Title II: Savings products

The opening of a Livret A savings account is subject to a written contract between the subscriber and the institution distributing the account.

The ceiling provided for in article L. 221-4 is set at 22,950 euros for natural persons and 76,500 euros for associations and co-ownership associations mentioned in the first paragraph of article L. 221-3. For co-ownership associations with more than one hundred residential, office or commercial lots, this ceiling is raised to 100,000 euros. The capitalisation of interest may take the Livret A balance above this limit. Low-income housing associations are…

When a condominium association applies for the increased ceiling mentioned in the first paragraph of article R. 221-2, it must submit the summary sheet mentioned inarticle 1 of decree no. 2016-1822 of 21 December 2016 setting out the content of the summary sheet for condominiums provided for inarticle 8-2 of the law of 10 July 1965 establishing the status of condominiums in built-up areas, along with its application to the…

No transaction may result in the account being in debit. The minimum amount for individual cash withdrawals or deposits on a Livret A passbook account is set at 10 euros. The amount referred to in the previous paragraph is set at 1.5 euros for Livret A passbook accounts opened with the credit institution referred to in Article L. 518-25-1.

The interest paid to depositors on Livret A savings accounts is set by order of the Minister for the Economy. Interest paid to depositors starts on the 1st or 16th of each month after the day of deposit. It ceases to accrue at the end of the fortnight preceding the day of repayment. On 31 December of each year, the interest earned is added to the capital and itself becomes…

I. – Unless otherwise stipulated in this chapter, deposits, withdrawals and transfers between the Livret A passbook account and the holder’s current account are carried out in accordance with the general regulations applicable to passbook accounts. II. – An order by the Minister for the Economy sets out the list of transactions that credit institutions may authorise, in addition to the transactions mentioned in I, from or to the same…

The custodian institution is notified by registered letter with acknowledgement of receipt of any objection by the legal representative, as referred to in article L. 221-3, to the withdrawal by the minor of sums credited to the Livret A account held by the minor.

If the Livret A is closed during the year, interest for the period accrued since the start of the year is credited on the day the account is closed.