The Livret type 'A' savings account is an account guaranteed by the French government, as is the case for Livret type ‘LDDS’ and Livret type ‘LEP’ savings accounts. All amounts deposited in these savings accounts are guaranteed by the French government and compensated by the FGDR up to a maximum of €100,000 per customer, per institution.
Amounts deposited in current accounts and in other savings accounts and savings schemes (Compte d’Epargne Logement (CEL) home savings plan, Plan d’Epargne Logement (PEL) home savings plan, ‘Livret Jeune’ savings account, etc.) are covered by the FGDR’s deposit guarantee scheme and compensated up to a maximum of €100,000 per customer, per institution.
The two guarantees are independent and added together.