Published on : 03 March 20203 min reading time

Saving is synonymous with saving. Saving is the money you put aside in your disposable income. Here are some forms of savings: project savings, housing savings and retirement savings.

Project savings

This form of saving helps you prepare a long-term project. It is a savings plan accessible to everyone. It is more compliant, more practical and favourable for carrying out your projects and bringing them to fruition. A project savings can also be useful for an investment depending on the size of your project. Indeed, opening a project savings account is beneficial, but it is also possible not to create one. All you have to do is save in the form of an annuity. Some people opt for personal projects and others for professional projects. If you want to save for a personal program, note that you can only receive the money you save at a certain time. You can save for your children or for a real estate project. On the other hand, for professional projects, you have the possibility to face your retirement in complete security. Thanks to the professional project savings, you have the opportunity to set up your own company.

Housing savings

This form of savings has two different products: the home savings account and the home savings plan. These are different in their function. Nevertheless, they give indemnities for the sums saved and allow you to obtain a loan for a real estate purchase project. The housing savings account is a savings account whose money is always available. It makes it easier to obtain loans for work at a fixed interest rate. The housing savings plan, meanwhile, is a bank receipt that allows you to make savings at a rate established at the time of subscription for 4 to 10 years. For this purpose, you benefit from obtaining a loan at a preferential rate for a property loan. Everyone, without distinction, can benefit from the home savings account and the home savings plan at the same time. However, a few conditions must be met. Therefore, both accounts must be opened in the same bank. The bank must sign an agreement with the State to distribute the home savings account and the home savings plan, since the latter are regulated products.

Retirement savings

The retirement savings plan is a special support. It consists of acquiring funds in various forms. The latter relate to employee savings, personal payments or compulsory payments by companies. The aim of this form of retirement savings is to generate additional income in retirement. The form of this savings plan depends solely on the decision taken by the person concerned when opening it. For personal use, this is the individual retirement savings plan that is opened voluntarily by the employee during his or her working life. For collective use, the company retirement savings plan is allocated to employees by employers. This savings will only be released when the holder retires. It is at this time that the latter can recover it in the form of a life annuity. The holder of the retirement savings plan has the right to appoint an heir to his pension in the event of his death. However, this right is only binding if the owner does not die until after retirement.