Regulated savings

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Regulated savings refers to savings products (savings and other accounts) for which the terms of operation are defined by the public authorities. These terms of operation pertain to interest rate, tax incentive, maximum savings amounts, opening or closing conditions, etc.

The public authorities have also determined how the funds collected in these savings and other accounts are used (for example, financing of public housing for type ‘A’ savings accounts, financing of projects that benefit SMEs and work relating to energy savings for LDD accounts, etc.).

These savings and other accounts are defined in the Monetary and Financial Code under the name "general savings products subject to a specific tax regime". 

 

Source: Banque de France