financial investment & Saving for children 2020: It’s really worth it

Many parents and grandparents would like to set aside money for their children to save for them. The savings book used to be the first choice. However, interest rates are now so deep in the basement that the savings book is no longer worthwhile and inflation only loses value. However, there are good and low-risk alternatives. In this article you will learn how you can best invest the money for your children in 2020 and what you need to pay attention to.

the essentials in brief

• Savings books are currently worthwhile & Fixed-term deposits not because the interest level is so low
• Call money accounts offer little interest, but are safe
• The most sensible: Fund and ETF savings plans through a custody account
• Note child allowances: save yourself or on behalf of the child
• Do not combine savings products with insurance (training insurance, life insurance …)

Table of Contents

What is the right investment for your child?

You can’t answer that at all, because the savings goal is what matters most. Do you want to save money for your child’s driver’s license or study? Are you looking for a sensible way to invest larger grandma and grandpa gifts? Or should the child learn how to use money? For all cases, we have compiled the best options currently available and offer step-by-step instructions so that even beginners know exactly what to do.