savings
livret jeune savings account

Livret Jeune savings account

Savings

Livret Jeune

The Livret Jeune is a discretionary savings account for young people between the ages of 12 and 25.

  • Interest rate offered
  • 2%(1)

In detail

Interest rate

2% net(1)Guaranteed interest paid

From the first deposit you make into your Livret account, your money will be earning you 2% net (after taxes and social security contributions) per year. There is a limit of €1,600.

Availability

100% securedAlways available

Manage your Livret Jeune as you wish, for as long as you wish.

Deposits

Discretionary or automatic depositsIt's up to you!

Choose the timing and amount added to your account (via deposits of automatic transfers).

Please note

The account holder may make withdrawals:

  • When between the ages of 12 and 16, parents must be present and their signature is required
  • When between the ages of 16 and 18, no parental authorization is required, unless the parents specifically indicate otherwise

Further details

Detailed characteristics of the

Livret Jeune savings account

Download the pdf

  • Eligibility, interest rate, interest calculation method and posting dates, limit, deposits, withdrawals, term
  • Terms and conditions, taxation, account closure, inheritance
  • Family welcome offer
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Eligibility

Any private individual who resides in France (not including non-residents) and is between the ages of 12 and 25 may open a Livret Jeune.

Only one Livret Jeune account per person may be opened.

It is not possible to open a joint Livret Jeune account.

Interest rate

The Livret Jeune pays a 2% interest rate (rate set on 2016-08-01). This is after tax and social security contributions.

Method of interest calculation and posting dates

Interest is calculated using the accrued and backdated interest methods. Withdrawals made before the 31st of December of the current year produce backdated interest that is subtracted from the projected interest calculated for the year.

Deposits accrue interest as of the first day of the half month that follows the deposit or transfer (the 16th of that month or the 1st of the following month). Amounts withdrawn stop accruing interest as of the first day of the half month during which the withdrawal was made (either the 1st or the 16th).

In order to avoid losing a single day of interest, we advise that you make your deposits before the 16th or the 1st of the month and your withdrawals after the 15th or after the 30th.

Limit

A Livret Jeune account is limited to €1,600. The account may exceed this amount only due to interest paid in.

Deposits

  • Initial deposit: when opening an account, the minimum deposit is €10.
  • Later deposits are not regulated, but the minimum amount is €10 per transaction.

Withdrawals

Withdrawals must be at least €20 and the account balance may not fall below €10.

The account holder may make withdrawals:

  • When between the ages of 12 and 16, only in presence of the parents and with their signature.
  • When between the ages of 16 and 18, no parental authorization is required, unless the parents specifically indicate otherwise

Term

The Livret Jeune has no contractual term.

(1) Interest rate set on 2016-08-01.

FAQ ()

  • Is it possible for those under 16 years of age to open a Livret Jeune?
  • The Livret Jeune is a savings account for young people who are between the ages of 12 and 25, able to open it themselves.
    Therefore, therefore, it is perfectly adapted for an adolescent preparing for independence.
    If still a minor, they will have to provide the bank with the following documents and information: the address(es) of their legal representative(s) (parent(s) or guardian(s)), identification card and proof of residence.
  • Livret Jeune: Can I make withdrawals using a debit card?
  • To keep the child from spending his entire savings too quickly, withdrawals from the Livret Jeune are restricted and limited to €20 per withdrawal.
    Between the ages of 12 and 16, withdrawals require the authorization of the child's legal representative(s) (parent(s) or guardian(s)). After that, the child may withdraw money on his/her own, unless the parent(s) specifically indicate otherwise.
    The Livret may also be linked to a debit card that allows withdrawals under the same conditions as inside of a branch, with the option to apply a limit.
  • Holder of a Livret Jeune: What to do after I turn 25?
  • Did you just celebrate your 25th birthday and wonder what will happen to your Livret Jeune?
    You may not keep it after the 31st of December of the year you turn 25.
    The best solution is to open another bank or savings account (e.g. Livret A) ahead of time; then, before the closing date of your Livret Jeune, transfer the amount to your new account. It is best to think ahead and consult with one of our BNP Paribas advisors to find the solution best suited to your plans and saving goals.
  • Is it possible to have both a Livret Jeune and a Livret A?
  • You may not hold more than one Livret Jeune, but you may hold one Livret Jeune and one Livret A .
    This is a good solution if you are nearing the age of 25, because opening a Livret A account ahead of time allows you to quickly transfer in the balance of your Livret Jeune when the latter is closed.

In addition

Have a question?

Our advisors are here to assist you.


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For assistance or to make a claim/contest a charge, your advisor can be reached on their direct line (a standard rate call).

BNP Paribas, limited company with a capital of €2,492,770,306 – Headquarters: 16 boulevard des Italiens, 75009 Paris. Registered with the Paris RCS (Trade and Companies Registry) as No. 662 042 449 – EU VAT identification No. FR76 662 042 449 – ORIAS No. 07 022 735.