Access to money
Check whether funds can be withdrawn without a penalty and who controls the account.
Savings for children
How to choose a setup for money meant to help a child later.
The key variable is time horizon. Money needed soon belongs in a safe reserve; long-term money may also use investment products.
Quick calculation
Start with the savings calculator
Enter monthly contribution, horizon, and return. The calculator shows an indicative future value without comparing specific products.
What to compare
Real return
Compare interest after fees and against inflation, not just the headline rate.
Horizon
For 10+ years, it can make sense to consider an investment component too.
Clarify before choosing
- +When the child should use the money
- +Who will own and control the product
- +Whether you need a guaranteed return
- +What monthly contribution you can maintain