Subsection 2: Transactions carried out on youth savings accounts and remuneration.

Payments bear interest from the first day of the fortnight following the deposit. They cease to accrue at the end of the fortnight preceding the day of repayment.

At 31 December each year, the interest earned is added to the capital and itself becomes interest-bearing.

If the account is closed during the year, the interest earned is credited on the day the account is closed.

Transactions carried out on youth passbooks give rise, at the choice of the depository institutions or organisations, either to an entry in a passbook with a page number, or to the issue of receipts and periodic account statements listing the transactions carried out.

No fees or commissions of any kind are charged for opening, managing or closing the Livret Jeune.