Share savings account for children
Give funds as a gift - small montly savings can grow big
Give funds as a gift
Let the money grow over time
Easy to get started
Save for your child in your own name
Saving for a child is about giving them more opportunities in the future – whether it’s a driving licence, a home, or education.
With a share savings account in your own name, you can invest long term in equity funds for your child, with monthly contributions and full overview in online and mobile banking. You decide the amount – and you can change it at any time. You can give the share savings account to your child when the time is right.
It’s easy for you – and a gift that can grow with your child into adulthood.
How it works
- Open an equity savings account for your child in your online banking. You can have up to 10 equity savings accounts, making it easy to keep savings for your child separate from your own savings.
- Once the account is set up, you can give it a name. We recommend naming it after the child you’re saving for.
- Choose the fund you want to invest in.
- Save regularly – fully automated – with a savings plan. Fixed monthly contributions make it easy to keep saving over time.
- You decide when your child will receive the money, and whether it should be given as a cash transfer or by gifting the equity savings account to your child.
Give funds as a gift!
If you give gifts to the same child regularly over several years, a share savings account is a great way to gather all the gifts in one place.