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Mike Punte
2 min reading time

Children's Account

Piggy bank

A good financial start for your child begins today. With our youth savings account, you can easily build a savings pot for your child's future – whether it's for education, a driver's license, or a first home. Saving for later, with attractive interest rates and the assurance that the money is available when it is really needed.

Youth savings is a savings account specifically for children up to 18 years old, opened in the child's name. Parents or guardians manage the account until the child reaches adulthood. You can decide how much to save and how often: deposits can be flexible or automatic, so you can work silently towards a nice amount for the future.

Our children's account offers a higher interest rate than standard savings accounts and is fully withdrawable, as long as the parent or guardian agrees. Upon reaching the age of 18, the child gains full control over the balance.

Key Features

  • Savings account in the child's name
  • Higher interest rate than regular savings accounts
  • Flexible deposits, also made by grandparents or other family members
  • Freely withdrawable, with parental control until age 18
  • No fees or mandatory minimum deposits
  • Online access for parents and later for the child as well

Interest Examples (indicative)

  • Savings balance up to €5,000: 3.00%
  • Savings balance above €5,000: 2.50%

(Note: interest is variable and may change. Check our current rates.)

Why choose youth savings?

  • You help your child get off to a good financial start
  • Motivates children to learn to save
  • Extra interest benefits
  • No risks, fully guaranteed savings balance
  • Also suitable as a baby gift or birthday present

You can open a youth savings account today, either online or through one of our advisors. Give your child a flying start with savings for the future.

A savings account is used to set aside money and earn interest, while a checking account is meant for everyday use, such as making payments and receiving deposits. A savings account typically offers higher interest, but it provides less flexibility for transactions.

Fees can vary depending on the type of account and services you use. For a checking account, there may be monthly fees, as well as fees for specific services such as withdrawals outside the network or international payments. You can find the specific rates in the fee schedule available on our website or from your account manager.