The savings account or Booklet B: short-term financial investment.

The savings account is ideal for placing money in a bank or an insurer. There is no cap, and even if the tax is not very advantageous, payments and withdrawals are possible at any time.

The money in an account to place Booklet or Booklet B is guaranteed no loss, except bank failure. In this case, the legal guarantee of deposits to cover you up to 70,000 euros, all accounts combined. Be careful if your savings account is opened in a bank is a branch of France, this money into this account depend on the country of the headquarters of the bank.

The money from a savings account is available whenever you want. If your current account is managed by the same financial institution, bank or insurer, the deposit will be credited the same day, or worse the next day. In other cases, allow two to three days to collect the money. It is also possible to withdraw money from a savings account in person at the counter. For large sums, more than 1500 euros, it is better to prevent the eve of the withdrawal. A minimum amount must remain in the Booklet B to avoid the final closing.

The rate of a savings account can vary from one organization to another, usually around 3% gross. Some banks offer levels depending on the amount of money on the booklet. These levels may vary during the year.

The interests of a savings account are subject to income tax. You must wear them when reporting for income taxes and you will be taxed based on your tax schedule. There are also the social charges of 11%, payable in November, which are the subject of a notice of special tax. By cons, if you opt for the withholding of 16% plus still 11% social, financial institution that manages your Permit B or savings account, will not forget to deduct 27% of the amount of interest before crediting your account.