CODEV: ceiling limited but beneficial

CODEV is an institutional book. Money is available at all times and his ceiling is set at 6000 euros, not to 4600 euros, and that since 1 January 2007.

Each taxpayer can have a major CODEVI, but only one. Money is available at all times and his ceiling is set at 6,000 euros, as opposed to 4600 euros, and that since 1 January 2007. This limit may be exceeded only by the interest generated by the book and not a deposit extra money.
The capital of Codevi is guaranteed by contract with the bank with which you subscribed. In case of bankruptcy of the bank, you go through the legal guarantee deposits up to 70,000 euros for all your accounts in this bank.

The money on this one Codevi is available at any time. You can remove it whenever you want, in part or entirely. But be careful because in this case the minimum amount you will need to leave to avoid the closure of the booklet is 15 euros.

CODEV is paid at 2.75%. It is small but the rate is revised two times a year, on February 1 and August 1 of each year, depending in particular on inflation. The interests of Codevi respect the rule of the fortnight and are awarded after December 31 of each year. Such interest shall be added to the capital of Codevi and generate additional interest. To withdraw money, or wait for the first 16 to benefit the interests of the fortnight. In the other direction, for an investment of money on your book Codevi, it is best to do it before those two dates to get maximum efficiency.

Finally, note that even if the ceiling is set at 6000 euros, the taxation of this kind of book is very interesting. Indeed, the interest earned on money placed in a Codevi is not subject to tax nor income tax or social security contributions of 11%.