Is Livret A, with a fixed rate of 3% for 2024, still an interesting investment compared to Super Livret and other subsidized accounts?
We have studied all the features of these savings products, their similarities and differences in terms of minimum and maximum deposit thresholds, fees, performance, yield and taxation to give you some answers.
Deposit thresholds can vary significantly from bank to bank for savings accounts depending on their business policy. The deposit threshold for a Super Booklet or Savings Booklet corresponds to the minimum deposit required in the Booklet or Account to validate its opening.
With traditional brands, the minimum starting amount is set at 10 or 15 euros, while in almost all online banks, it is higher.
At high-end institutions, the deposit threshold can reach several thousand euros, such as to access the Barclays Premier Life account, which requires an initial deposit of 15,000 euros and is only available as part of a package named by the bank.
Due to the increase on October 1, 2012, the maximum deposit amount on Livret A is currently 20,950 euros.
On the other hand, some super savings accounts offer significantly higher, unlimited, ceilings, allowing authorized deposits of several million euros (up to 10 million at Fortunio and RCI Bank).
Fees are non-existent on Liverate A, very rare on Super Liverate.
In all cases, no management commission is charged on Liverates A. For other Super Livrets, we strongly recommend that you check the specific pricing conditions of each establishment.
With its remuneration rate set at 3% for the year 2024, coupled with its tax exemption and savings availability, Leverett fully deserves its place among the best investments of 2024.
First of all, it is important Do not directly compare rates displayed by super booklets, are subject to gross and taxWith Livret A, which benefits from total tax exemption.
During the promotional period, Super Booklets can offer attractive rates of around 3.30% to 6% for a few months as well as welcome bonuses of up to several tens of euros. But all these benefits are subject to a single flat tax of 30%.
If the total return may be interesting, do not be fooled, remember to carefully calculate what is left in your pocket at the end.
On the tax side, interest generated by these accounts is subject to social security contributions at a rate of 15.5%, regardless of the tax situation of their holder. In addition, they are also taxable on income, with the possibility of opting for a flat-rate withholding tax of 24%, particularly beneficial for the highest taxed households.
Thus, to be as efficient as Leverate A, Super Leverate must show a minimum gross return of 2.67% for non-taxable households. This rate should be higher than 5% for 41% and 45% tax bracket.
So Super Livrets look interesting when compared to Livret A with a promotional rate of up to 6%. However, it is important to carefully study how the Super Booklets perform outside of this promotional period to determine their actual performance over the full year.
Yields can then drop below 1%, or even lower depending on the banking establishment.
Offers offered by Fortuneo, Cashbee and Ramify however remain competitive after their promotion phase.
Although they do not have the same tax guarantee as Livret A, their respective total annual returns are attractive. It is worth a detour if you are considering a medium-term investment.
We should also not overlook the advantages offered by Super Leverets compared to Leveret A:
| conditions | a booklet | Super Booklets |
|---|---|---|
| Starting amount | €10 | 10 to 15 € depending on the booklet |
| Payment ceiling | €20,950 | Variable, from a few euros to unlimited payouts |
| Number of booklets per person | 1 | Many |
| Management Fees | 0 | 0 |
| taxation | 100% exemption | Single Flat Rate Withholding: 30% |
Leverat remains unbeatable in terms of security and tax exemption. But super savings accounts and other subsidized accounts can represent interesting and complementary opportunities for savers looking to optimize their investments. or for savers who have reached the Livret A ceiling.
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