Frequently asked questions
It's the secure way to save! The "Livret A" is a tax free instant access savings account available to all, regardless of age, nationality or tax residency. Each member of your family can have a "Livret A" in their sole name, including children. It is the ideal risk free place to keep funds 100% accessible for use in the event of unexpected expenditure or to save towards a special occasion.
The "Livret A" is regulated by the French government and the variable interest rate is set by them. Each individual can only have one "Livret A" in France (or a Livret Bleu with Crédit Mutuel). Capital is 100% protected and accessible at all times, with a minimum withdrawal amount of 10€. Interest is paid on 31st December annually but is calculated on the 1st and 16th of each month so you can time your deposits and withdrawals to maximise the interest you earn.
Interest paid is tax free for French residents. It is the responsibility of non-residents to declare any interest earned to their local tax authorities.
Once the ceiling of 22,950 € has been reached, you cannot make additional payments, but interest may be added without limit.
The "Livret A" is the most versatile of instant access savings accounts.
EMERGENCY FUND: It is the ideal risk free place to keep funds 100% accessible for use in the event of unexpected expenditure. You can simply transfer funds back into your current account whenever they are needed using the MA BANQUE app, or your online banking service.
REGULAR SAVINGS: You can save on a regular basis by standing order from your current account, or simply transfer additional funds ad hoc to build up your nest egg. Perhaps you would like to put something away for a special anniversary, the holiday of a lifetime or to pay for your child or grandchild's future university costs. The "Livret A" lets you do all this and more, with instant access and no tax to pay on your interest in France!