Did you think it was impossible to hold two identical regulated savings accounts? In the vast majority of cases, this is indeed the rule. Each saver can only have one Booklet Aregardless of the banking establishment chosen. This principle is explained by the particularly advantageous tax regime of this investment, the interest of which is completely exempt from income tax and social security contributions. Banks also systematically check, before any opening, that a customer does not already hold a Livret A in another establishment.
However, there is an exception, largely unknown to the general public. Some customers of the Credit Mutuel can still retain both a Booklet A and a Blue Bookletwithout violating the regulations. This situation does not result from a new derogation, but from the maintenance of an acquired right. Savers who opened these two products before September 1, 1979 continue to benefit from this accumulation, a historical exception which still remains applicable today.
Why does this exception still exist?
Before the September 1, 1979THE Blue Bookletdistributed exclusively by Crédit Mutuel, constituted a legally distinct product from Booklet Aalthough it offers the same characteristics: same pay, same ceiling And same tax exemption. Savers could then hold both simultaneously.
This possibility was later removed. However, people who opened their two booklets before this date retained this right. Since the January 1, 2009date on which Livret A is distributed by all banks, this exception remains on one condition: neither booklet must have been transferred. In fact, a transfer is assimilated to a closing followed by a new opening, which permanently loses the benefit of accumulation, according to the Ministry of the Economy.
The hunt for duplicates will expand in 2027
In practice, this situation only concerns savers who opened their two savings accounts before the September 1, 1979. For everyone else, open a second Booklet A remains impossible. People still benefiting from this exception may, however, exceed the regulatory ceiling of 22,950 eurosexcluding capitalized interest.
This supervision will even extend to other regulated savings products. As of July 1, 2027banks will have to automatically verify, with the tax administration, that a saver does not already hold an identical product before opening a LDDSof a THE Pof a PELa CEL, a Youth Booklet or even a PEA. The objective: to strengthen the fight against duplicates, based on the control model already applied to Livret A.
Livret A ceiling: what solutions to continue saving?
For savers whose Booklet A is already on the ceiling, other solutions can be considered. ” THE Booklet A remains above all a precautionary saving. It serves more to keep liquidity immediately available than to seek performance”explain Eliott Amsellemwealth management advisor.
According to him, banks notably offer tax-advantaged bank bookswhose remuneration varies depending on the establishment, as well as term accounts. These allow you to know in advance the return on the investment, in return for blocking the funds for a specific period. Eliott Amsellem believes that they can constitute a transitional solution, for example after the sale of real estate, when a saver wishes to temporarily secure a large sum before reinvesting it. But unlike Booklet Athe interest generated by these products remains subject to taxation.
