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Livret A: the bank account to save from birth
More and more parents are opening a Hesabê bankê to their child from birth. Indeed, family members traditionally deposit a little money at Christmas or on birthdays and children’s holidays. It’s a great way to offer a savings account for later.
The Booklet A is the ideal solution to save, it is offered by all banks. Its income rate is changed every year, up or down. Currently, his remuneration is 0,75% (until January 31, 2020 at least), not subject to income tax or social security contributions. Deposits can be made with a minimum amount of 10 euros up to a total ceiling of 22 euros.
Saving for babies: the Livret A of the different banks
- The Booklet A Kipouss of the Caisse d’Epargne: this account is specific for children from 0 to 12 months. It also has the same advantages as the classic Livret A, with a fixed rate of remuneration of 0,75%, while being specifically adapted to the savings of toddlers.
- The Blue Booklet, offered by Crédit Mutuel, is strictly identical to the livret A, with a rate of 0,75%. You can open it regardless of the child’s age.
- The Zébulon savings account at the LCL: it is intended for children from Zarokên 0 heta 12 salî, with a ceiling of 2 euros, and its gross rate at 000% (March 0,95).
- The First Step booklet Banque Populaire: this savings account accompanies the child from birth at his 12 years old. The rate of remuneration is 1% and the ceiling is 1600 euros.
- The Première Epargne booklet of CIC bank is reserved for children of 0 12 in years. The rate of remuneration is set at 1,75% with a maximum ceiling of 1600 euros.
- Young booklet : this savings booklet is reserved for 12-25 salî. The youth booklet rate is net of taxes and generally much more interesting than the livret A in terms of pay rate, with a rate of 1,75% (March 2019). The limit for this booklet is set at 1600 euros.
- The A Baby booklet BNP Paribas: it is the ideal savings account for toddlers of kêmtir ji salekê : 15 euros welcome gift, the remuneration is 0,75% (March 2019) with a ceiling of 22 euros, like any booklet A.
Note that like adults, children can only hold one passbook A, all banks combined.