There are alternatives to the classic savings account.
With an ETF savings plan, parents can invest money for their children relatively easily.
What experts say.
Education, hobbies and later, for example, the driver's license: expenses for children are a lot of money.
Those who have the opportunity can make provisions for the little ones and invest part of their income.
But in times of low interest rates, many families * ask themselves: What are the alternatives to the traditional savings book?
Savings plan for children with a small stake possible
What parents or, for example, grandparents who give gifts should know: With children (or grandchildren), a
savings plan is possible even with a small investment
.
With
monthly amounts of 25 euros
, for example, you can build up assets in the long term, which you can later use to finance your first own apartment, for example.
Classic bank savings plans
, for example, are a "gift"
.
The disadvantage is that, depending on the current situation, they
yield
little interest
, as stated in a report by the German press agency on the subject.
An option for parents are also equity fund savings plans - with opportunities for higher returns.
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Is an ETF savings plan worthwhile for children?
According to the experts,
ETF savings plans are cheaper
.
The three letters ETF stand for
Exchange Traded Funds
,
i.e. funds traded
on the stock exchange.
Parents or donors can, for example, seek advice from their bank on which
ETF savings plan is suitable for a child
.
Also may be worth a comparison in which banks to
deposits for Minderjäh-engined
open can that ETF can be there besparen and how much does it cost.
Check investment period: ETF savings plan option for parents
Important:
According to
Stiftung Warentest
, the
investment period also plays
a role
when deciding on a product
.
In the opinion of the experts,
anyone
who has more than ten years to
spare is
well advised
with an
ETF savings plan
.
There is a large range of suitable products here.
If you have less time and prefer to be on the safe side, you can also take an
interest-bearing fixed-term deposit
that is already available with terms of twelve months.
"For five to ten years, fixed income investments are," says
Stiftung Warentest on Test.de
.
As a rule, the longer the term, the higher the interest rate.
However, savers should not expect more than one percent per year with terms between five and ten years, as dpa had reported on the subject last year.
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Savings plan: parents open a deposit for their child
The first step in a savings plan looks like this:
The parents open a
deposit for the child
.
Then they choose a suitable savings plan.
Important: If savings are made in the child's name, the money only belongs to the child.
Adults are only allowed to manage it - until the child can dispose of the money from their 18th birthday.
If the deposit runs in the name of the child, it can
use
its own
savings allowance
for a fund savings plan
, dpa also writes.
Then parents would have to initiate the exemption order for children at the bank.
Children have their own savings allowance
"Anyone who invests money in the name of a child can use their higher tax allowance to save taxes themselves," says
Test.de accordingly
.
However, it is not possible to bring them back.
In addition, parents would have to make sure that above certain amounts the child could no longer be insured for free in the family's health insurance, as the experts at Stiftung Warentest also explain.
Here, too, parents should inquire about the conditions beforehand.
(ahu) * Merkur.de is an offer from IPPEN.MEDIA
Sources: dpa, Test.de/Stiftung Warentest
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