Chapter I: General savings products with special tax treatment

The Livret A can be offered by any credit institution authorised to receive sight deposits from the public and which has entered into an agreement to this effect with the State.

The credit institution referred to in article L. 518-25-1 shall open a Livret A passbook account to any person referred to in article L. 221-3 who so requests.

The Livret A is open to individuals, associations mentioned in article 206. 5 of the General Tax Code, low-income housing associations and co-owners’ associations. Minors may open Livret A accounts without the involvement of their legal representative. They may withdraw the sums contained in the passbooks opened without the involvement of their legal representative, but only after they have reached the age of sixteen and unless their legal representative objects….

A decree of the Conseil d’Etat specifies the procedures for opening, operating and closing the Livret A. Deposits made into a Livret A account may not exceed a ceiling set by the decree referred to in the first paragraph. Notwithstanding the last paragraph of article L. 221-3, the ceiling applicable to Livret A accounts held by co-owners’ associations is set according to the number of lots in the co-ownership. The…

A proportion of the total deposits collected in respect of the Livret A and the Livret de Développement Durable et Solidaire governed by article L. 221-27 by institutions distributing one or other of these passbooks is centralised by Caisse des Dépôts et Consignations in the fund provided for in article L. 221-7. The centralisation rate for deposits collected under the Livret A and Livret de Développement Durable et Solidaire passbooks…

Institutions distributing Livret A passbook savings accounts and Livret de Développement Durable et Solidaire passbook savings accounts receive a fee in return for centralising deposits. This remuneration is borne by the fund provided for in article L. 221-7. The method of calculation is set by decree by the Conseil d’Etat after consultation with the supervisory commission of the Caisse des dépôts et consignations. The credit institution referred to in article…

I. – The sums referred to in article L. 221-5 are centralised by the Caisse des dépôts et consignations in a fund managed by it and known as the savings fund. II. – Caisse des dépôts et consignations, with the agreement of its supervisory board and the authorisation of the Minister for the Economy, may issue debt securities for the benefit of the fund. Under the same conditions, Caisse des…

Transactions relating to Livret A passbook accounts and Crédit Mutuel special passbook accounts opened before 1 January 2009 are subject to documentary and on-site inspections by the Inspectorate General of Finance.