Livret Jeune savings account
Regulated savings product available only to individuals aged 12 to 25 who reside in France. For those under age 16, withdrawals from a Livret Jeune account must be authorised by their legal representative. A Livret Jeune account is closed by no later than 31 December following the account holder's 25th birthday and the credit balances are transferred to another account designated by the account holder. The interest paid on a Livret Jeune account is tax-exempt. The interest rate is set by the credit institutions and may not be lower than the type ‘A’ rate.
The maximum amount of deposits is €1,600.
Source: Banque de France