Accounts and savings books: what differences?
Verified 13 February 2025 - Directorate for Legal and Administrative Information (Prime Minister)
Name | Public concerned | Minimum | Ceiling | Availability | Interest | Taxation |
|---|---|---|---|---|---|---|
All Audiences | €10 | Individual: €22,950 Association: €76,500 | Funds available | 2.4% | Exemption from income tax and social security contributions | |
Adult | €15 | €12,000 | Funds available | 2.4% | Exemption from income tax and social security contributions | |
Person of modest income | €30 | €10,000 | Funds available | 3.5% | Exemption from income tax and social security contributions | |
12-25 years | €10 | €1,600 |
| 2.4% minimum | Exemption from income tax and social security contributions | |
All Audiences | €300 on opening +€75 during life | €15,300 | Funds beyond €300 available | 1.5% + reduced rate loan and State premium | Income tax (since 2018) and to social security contributions | |
All Audiences | €225 on opening and €540 per year up to 10 years | €61,200 | Funds available, but if withdrawn within the first two years, interest is reduced to the CEL rate. | Variable according to the date of opening of the ELP + soft loan and State premium | Income tax (PEL opened from 2018) and to social security contributions | |
People's Retirement Savings Plan (Perp) product now replaced by the RIP | 18-75 years | Fixed by the financial institution | No ceiling on payments, but ceiling on tax deductibility of contributions |
| Life annuity or life annuity + capital | - Life annuity taxed as a pension - Capital imposed at the flat rate of 7.5% or the scale |
All Audiences | Fixed by the financial institution | No ceiling | Funds unavailable before expiry, otherwise no interest | Fixed by the bank (fixed, progressive or variable rate) | Taxation at income tax and to social security contributions | |
All Audiences | Free payments | No ceiling | Funds available | Fixed by the bank: between 0.2% and 1.5% for ordinary booklets and up to 4% for superbooklets (limited period) | Taxation at income tax and to social security contributions |
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Interest rates for the period of February 1, 2025 to July 31, 2025
ELP interest rate open from 1 January 2025