Young booklet: Ceiling, Rate and Interest

The young booklet is a savings account offered by banks and reserved for 12-25 year olds. Savings on the booklet is permanently available and escapes income tax as well as social security contributions. Ceiling, rate, interest … Zoom on the young booklet in 2025.

Capital video: Young booklet

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What is the young booklet?

A regulated savings product

The young booklet is a regulated savings product reserved for young people aged 12 to 25 living in France. All banks have the opportunity to offer it.

A risk -free placement for minors and young people up to 25

It allows you to place your money without risk, while taking advantage of favorable remuneration conditions. Funds stored on a young booklet are permanently available, and can be removed free of charge with the authorization of the legal representative (for minor people under the age of 16).

Can we have several young booklets?

No, the number of young booklets is limited to one per person. It is forbidden to open several to the same name. Before the opening of the booklet, the bank must verify that no other booklet of this type is open within the bank or in another banking establishment. It is possible to know if we have an inactive young booklet by going to the Ciclade site of the Caisse des Dépôts. If this is the case, the holder can then apply for restitution. After validation of the request, the funds are fired directly on the bank account.

What are the steps to open a young booklet?

Documents to provide

The opening of the young booklet can be done online or with a bank. Some documents are to be provided in order to verify that the applicant does not have other savings accounts of the same type:

• The drafting of a declaration on honor certifying that the holder lies well in France;
• The provision of an official act establishing the applicant’s date of birth and, if it is a minor, the contact details of his legal representative.

Finally, the legal representative of the minor will have to affix his signature.

Reception of a withdrawal card

The young person must receive from the banking establishment (Banque Populaire, BNP Paribas, Banque Postale, Caisse d’Epargne …) a document that explains the operation of the young booklet and/or a booklet where to register his deposits and withdrawals. It can also obtain a withdrawal card, only usable in automatic ticket distributors.

How to pay money on his young booklet?

Minimum payment at the opening of the booklet

No fees or commission are requested for the opening, management or closing of the account. The initial payment is set at ten euros.

Subsequent payments and transfers

There is no minimum amount to feed the booklet, even if the payment does not generally drop below 10 euros. Since July 1ᵉʳ 2023, it is possible to make a transfer on your young booklet from an open sight account in another bank or in that where the regulated savings book is located.

Withdrawal

Between 16 and 18 years old, the booklet can make withdrawals, provided that the legal representative does not oppose it. From 18 years old, he can make withdrawals independently. The account holder freely has the sums deposited on the booklet. However, the balance of the young booklet must remain positive permanently. Otherwise, it is closed. Most banks require a permanent balance at least ten euros.

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What is the maximum ceiling of the young booklet?

THE Young booklet ceiling is 1,600 euros (excluding capitalized interests). It can be coupled with a withdrawal card. It does not allow payments and generally only works in the counters of the associated bank.

What is the remuneration rate of the young booklet in 2025?

Banks can freely fix the remuneration of the young booklet. Its remuneration is therefore variable from one bank to another. However, the annual interest rate of the young booklet cannot be lower than that of booklet A (the latter is set to 2.4 % since February 1, 2024).

How much is the young booklet?

Interest calculation

Interests are calculated on 1ᵉʳ and the 16th of each month. The date of the value taken into account for the calculation of interest varies according to the date of the operation (deposit or withdrawal). The sums deposited produce interest if they are placed by whole fortnight.

Ideal period to make a payment

To play with this constraint and avoid losing about fifteen interests, you can make a payment at the end of the fortnight (for example the 13). The payment producing interests until the next fortnight. You can also withdraw funds as soon as possible for the same reasons.

Taxation of the young booklet

To December 31 of each year, the accurate interests over the year are added to the capital. They are exempt from income tax and social security contributions. The addition of interests can bring the value of the booklet beyond the ceiling of 1,600 euros.

Where does the money from the young booklet go after 25 years?

The closing of the young booklet must be requested no later than December 31 of the year during which the holder celebrates his 25ᵉ anniversary. On this deadline, the funds led to the credit of the booklet are transferred to the bank account (or to a waiting account) of the booklet holder. If he does not carry out this approach, the bank will close the young booklet automatically.

What differences between the young booklet and the LEP?

No age limit for the LEP

The opening conditions vary between the young booklet and the LEP. The only condition for the first, being under 26 years old. For the second, no age limit, but an obligation not to be attached to the tax household of his parents and not to exceed a certain income threshold.

A lower ceiling for the young booklet

Another difference is the ceiling. That of the young booklet amounts to 1,600 euros, against 10,000 euros for the LEP. Finally, the interest rate. He is aligned with that of inflation for the popular savings book and that of booklet A for the young booklet.

Is it possible to combine the young booklet with booklet A or LEP?

It is possible to combine a young booklet with a current account and other savings booklets, such as booklet A, LEP or LDDS for example. On the other hand, a person can only have one young booklet.