Savings accounts and booklets: what are the differences?

Verified 09 April 2026 - Public Service / Directorate of Legal and Administrative Information (Prime Minister)

Tableau - Comparison between the different types of savings accounts and booklets

Denomination

Audience concerned

Minimum

Ceiling

Availability

Interest

Taxation

Booklet A

All public

€10

Individual:

 €22,950

Association:

 €76,500

Funds available

1.5%

Exemption from income tax and social security contributions

Livret de développement durable et solidaire (LDDS)

Adult person

€10

€12,000

Funds available

1.5%

Exemption from income tax and social security contributions

People's Savings Account (LEP)

Low-income earner

€30

€10,000

Funds available

2.5%

Exemption from income tax and social security contributions

Young booklet

12-25 years

€10

€1,600

  • Funds available
  • Withdrawals subject to authorization before 16 years

1.5% minimum

Exemption from income tax and social security contributions

Home Savings Account (CEL)

All public

€300 at the opening and

€75 for each installment

€15,300

Funds beyond €300 available

1.00%

+ reduced rate loan and state premium

Income tax (since 2018) and to social security contributions

Housing Savings Plan (PEL)

All public

€225 at the opening and

€540 /year until 10 years of the plan

€61,200

Funds available, but in case of withdrawal in the first 2 years, the interest is reduced to the CEL rate

Variable according to the opening date of the ELP

+ reduced rate loan and state premium

Income tax (PEL open from 2018) and to social security contributions

Term account

All public

Fixed by the bank

No ceiling

Funds not available before term, otherwise no interest

Fixed by the bank

(fixed, progressive or variable rate)

Taxation at income tax and to social security contributions

Bank savings account or booklet

All public

Free payments

No ceiling

Funds available

Fixed by the bank

(possible variations over time)

Taxation at income tax and to social security contributions

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