The savings book is a bank account that is used to keep the money you set aside to save money.

It is therefore different from the current account or chequing account, which is used to manage your everyday life operations: receiving salary, paying invoices, paying purchases in stores etc....

The savings book is also called bank savings book, because it is the financial institutions that set its conditions, unlike regulated savings books, the main characteristics of which are set by the public authorities.

Anyone can open a bank savings book. There is no age, nationality or residence requirement.

To open a savings account, you must sign a contract with a bank, savings bank or financial institution.

The bank advisor must explain the operation of the account to you in advance.

The contract shall provide in particular for the following:

• Deposit and withdrawal rules (minimum deposit amount, value of deposits and withdrawals)
• Savings compensation (interest rate based on duration, criteria for calculating and paying interest, etc.)

Yes, you can open multiple bank savings books in multiple different banks.

You can make payments at the counter or on the machine if the bank has given you a withdrawal card for the savings book.

The minimum amount of each payment must be €10.

You can also make transfers from your checking account.

You can make withdrawals at the counter or on the machine if the bank has given you a withdrawal card for the savings book.

The minimum amount of each withdrawal must be €10.

You can also make transfers from the savings book to your current account.

Unlike regulated books, the law does not provide for a deposit limit or a maximum amount not to be exceeded for bank savings books.

But the bank can put that in the contract.

The money placed on the savings book generates interest based on the length of time the sums have remained in the account and the expected rate at the time of subscription.

The interest rate on the savings book is set freely by the bank.

Each bank informs you of the interest rate on its booklet via advertising or at the time of subscription.

This rate proposed at the opening of the account can be modified later by the bank.

Banks even offer a high interest rate on the so-called “super livret”, but only for a short period.

To be able to generate interest, the amounts deposited must remain in the account for at least a full fifteen.

In fact, interest is calculated by fortnight, as for booklet A.

Interest for the first half of the month is calculated on the 16th of the month, and interest for the second half of the month is calculated on the 1st^er of the following month.

The date of the value taken into account for the calculation of interest varies according to the date of the transaction (deposit or withdrawal):

On December 31 of each year, the interest accrued on the year is added to the capital.

The bank savings booklet does not benefit from the tax advantages reserved for regulated savings booklets (booklet A, booklet for young people, booklet for popular savings, etc.).

If you collect interest on your bank savings book, it will be subject to income tax (in the category of income from movable capital) and social security contributions.

A seizure can be made on your bank savings book by the administration or by a creditor who has obtained a court order acknowledging your debt to him.

No, it is not possible to transfer the booklet account you opened in one bank to another bank.

But you can close the account on booklet, then recover your savings and deposit it on the account on a booklet open in another bank.

To close your bank savings book, you must send a request to your bank by mail or on site at a branch.

The fence is free and the bank must return the savings accumulated in the account to you without charging a fee.