MIL-OSI Translation: Savings: What booklets for children under 18?

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MIL OSI Translation. Government of the Republic of France statements from English to French –

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Posted on 18 December 2018 – Directorate of Legal and Administrative Information (Prime Minister)

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Livret A, young booklet, CEL … In this period of the end of the year, you think maybe open a savings book for your last nephew or your two granddaughters? But do you know the types of book accessible to people under 18? Service-public.fr takes stock.

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

Comparison between different types of accounts and savings booklets

Denomination

terms

Ceiling

Availability

Interests

plurality

A booklet

1 A booklet or Crédit Mutuel booklet per person

22 950 €

Funds available

0.75% per year

Possible

Sustainable Development and Solidarity Booklet (LDDS)

1 LDDS per person

12,000 €

Funds available

0.75% per year

Possible

Young booklet

– From 12 to 25 years old

– 1 young booklet per person

1600 €

– Funds available

– Withdrawals subject to authorization before 16 years

At least 0.75% per annum

Possible

Housing savings account (CEL)

Do not have another CEL or ELP in another institution

15,300 €

Funds beyond 300 € available

0.50% per annum + State bonus

Possible, but if it is with an ELP, it must be subscribed in the same bank as the LEC

Housing savings plan (PEL)

Do not have another ELP or CEL in another institution

61,200 €

Funds available, but if withdrawal in the first two years, interest is reduced to the LEC rate.

– 1%

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

Publicity

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and / or sentence structure not be perfect.

MIL Translation OSI

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