SAVINGS ACCOUNT

Any natural person, whether they are a minor or an adult, a protected individual or a non-resident, may open a Savings Account.
The same person may open multiple Savings Accounts.
The Savings Account may be opened as a joint account (between spouses or other individuals).

The rate of return on the savings account is 0.02% gross per year (rate in effect at 01/01/2021).

It is subject to current income tax and social security contributions.

Interest is calculated using the anticipated interest and retroactive interest method. Withdrawals made before 31 December of the current year produce retroactive interest, which reduces the calculated anticipated interest, within the limit of the latter.

Amounts deposited bear interest from the first day of the fortnight following the deposit or transfer (the 16^th day of the same month or the 1^st day of the following month). Amounts withdrawn cease to bear interest from the first day of the fortnight during which the withdrawal occurs (either the 1^st or 16^th day).

Therefore, to avoid losing a single day of interest, you are advised to make your deposits before the 16^th or 1^st day of the month of your withdrawals after the 15^th or 30^th.

The Savings Account has no ceiling.

Initial deposit: €10 minimum.
Subsequent deposits: manual or automatic, €10 minimum per transaction.

Withdrawals are open, €10 minimum per transaction. The account must always have a minimum balance of €10.

There is no contractual end date.

For the main tax rules applicable to this product, please visit our Savings Tax area (FR).

You can close your Savings Account at any time.

The capital and accrued interest are included in the estate and are subject to inheritance tax.

Inter vivos transfer is excluded.

(1) Rate in force at 01/01/2021.