Type ‘A’ savings account (Livret A)

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Regulated savings account that can be opened by any individual and by certain associations.

The funds deposited are available at any time. A type ‘A’ account has an unlimited term. However, it may be closed at any time by the account holder. Only one type ‘A’ account may be opened per person (including minors). The interest paid on a type ‘A’ account is tax-exempt.

The maximum amount that can be deposited by an individual into a type ‘A’ account is €22,950.

 

Source: Banque de France