19th April 2021

Saving for your children: what makes the most sense?

Sophie and Marc are delighted to announce the birth of their daughter Lily! While the couple is on cloud nine, they already have quite a few questions about their child’s financial future. How can we save for our children? What are the best investments to make right away?

A savings account: a little gift to get them started

Lily has already received many little gifts since she was born! Spuerkeess also offers a newborn gift of EUR 50 when you open a blocked savings account in the child’s first 12 months.

Saving for your child from their birth via a savings account is a quick and easy way to build up some funds to get them started in life. Certain savings accounts are frozen until the child reaches the age of 18 to ensure that all the funds will be available when they enter adulthood. Other savings accounts, like the Spuerkeess Tweenz account, offer the child the option of accessing the funds earlier, with the agreement of their legal guardian. This can help children learn to manage money.

Blocked savings account

The savings account that is blocked until the age of 18.

With the blocked savings account and Spuerkeess Tweenz account, children are automatically part of the Tweenz-Club, which offers advantageous conditions with many retailers as well as fun activities.

Investment: a good long-term solution

An alternative to a savings account is certainly the investment of capital over the long term. A sum invested over a long period of time can increase in value, unlike a savings account, which loses value in times of low interest rates and high inflation.

So with S-Invest, the child's savings can grow without having to do anything.

With a monthly amount of at least EUR 40 invested in S-Invest, the child's portfolio consists of lux|funds, which are Spuerkeess investment funds.

And for opening an S-Invest, Spuerkeess offers EUR 50 to invest.

To get an idea of your savings plan, nothing could be easier than doing a simulation!

Insurance: Cover for their studies or the start of their working life

The newborn gift from Spuerkeess is not only for the savings account and S-Invest. Up to the age of 12 months, LALUX Life Insurance offers EUR 50 towards the lalux-Study Cover!

Why life insurance?

  • to guarantee financing for your children's studies, or simply to give them an easier start in adult life;
  • for flexibility: freely decide the amount you would like to invest and the age at which your child will start to receive the amount invested, in the form of an allowance;
  • for the tax benefit: you can deduct the premiums paid from your taxable income;
  • for the attractive terms: the interest rate is guaranteed, and you enjoy lalux benefits.

Discover the Tweenz club!

Family is important! Read more on the topic

Investments Family Savings