How to save for your children's future
Planning a savings plan for the future
When and how to start investing
The sooner you start, the betterDiapers, baby food, pediatricians... You might think that this is not the time to take another item out of your budget. But, if you start early, it does not matter that the amount is symbolic, even if it is very small, you will have already generated a habit, almost without realising it.
You have a lot of time, you can do it little by littleThe good thing about starting as soon as possible is that you will have a long time ahead of you and you can do it with much less effort. You can reinvest the potential benefits that you generate, like an ant
Minimise the riskWhen the project of investing is long-term, it is important that you think about combining two factors. During the initial phase, it is advisable to seek a higher return even if the exposure to risk is greater and, as the moment when you need to recover the investment approaches, to consider more conservative options.
And, now, the big question: Where to invest?
Investment funds are an ideal product1. And now you will say “Funds again?”. Well, yes. When you plan to build capital over the long term, investment funds are perhaps one of the most suitable instruments, which is why you will see them recommended here and there again and again:
- They are easy to choose and purchase, you do not need to have significant financial understanding.
- All profiles can be accommodated, from the most conservative to the most aggressive, although they can lead to a loss of invested capital.
- You can make periodic contributions with very small amounts, from €10.
- You can combine various funds and you can change funds at no cost and without tax charges2.
- You do not pay taxes until you withdraw the investment2.
If you are thinking about your future, then certainly you are thinking about going to college.
If it's for them, count on them.
Better than the piggy bank
A Bankinter idea for easily starting to invest
Every month that a minimum of €50 is contributed to an investment fund1 from a Yotuh Account3 or Mini account3, a monthy bonus will be received: 5% per year (the first year) and 2% per year (the second year) of the accumulated balance in the investment fund, up to a maximum of €1,000. See conditions4.
Investment funds are products which may result in a loss of capital.
Other products, other suggestions:
Bankinter BrokerBankinter's online broker. A tool that will allow you to easily access the stock market, regardless of your level of understanding of stock markets.
Profiled funds1An easy way to invest in funds. You only need to understand yourself, the expectations that you have and the risk that you want to take. We offer you a selection based upon who you are.
Saving tips for familiesIt is one of our practice sheets. Within it, you will find suggestions and tools for optimising your family finances.
FAQs with clear answers
Our FAQs section answers the questions you have trouble understanding about financial products: accounts, cards, savings and investment products...
Show/Hide legal text1 Investment funds: The key investor information document, prospectus and all other legal documents related to Bankinter's collective investment institutions are available at any of our branches, on the Bankinter website (www.bankinter.com) and on the Spanish National Securities Market Commission (CNMV) website (www.cnmv.es).
Show/Hide legal text2 The tax advantages are of a general nature, and are dependent upon each client's individual circumstances and may change over time. No information contained in this document should be construed as a personalised recommendation for the purchase or sale of any type of investment product or service.
Show/Hide legal text3 The Youth and Mini accounts do not earn interest nor to they have a maintenance fee. APR: 0% (TIN: 0%). To be eligible for a Youth account, you must be between 18 and 24 years old when you open it and for the duration of the account. If there are several holders, at least one of them must be between 18 and 24 years old. Only one Youth account is permitted per holder or co-holder. To be eligible for a Mini Account, you must be no older than 17 when you open it or for the duration of the account. Only one Mini account is permitted per holder (0-17 year olds).
Show/Hide legal text4 5% Plan: To activate the 5%-2% Plan you must be the holder of a Mini or Youth account and you must make a monthly contribution of at least €50 to one or more investment funds marketed by Bankinter and linked to your account. If you do not make this minimum monthly contribution, you will not receive the bonus. First year: 5%. Second year: 2%.
Monthly bonus paid on the total balance contributed to the fund since the activation of the plan. The maximum bonus-bearing balance is €1,000. Below is a typical example for an initial subscription of €1,000 to an investment fund with a scheduled regular contribution of €50 per month for the next 23 months. Monthly bonus the first year: €4.17 (total annual bonus: 50,04€). Monthly bonus the second year: €1.67 (total annual bonus: 20,04€). This promotion is valid for all Mini and Youth accounts opened before 30 June 2023.
The fund prospectuses, the key investor information document and the other legal documents for Bankinter's collective investment institutions are available in our branches, on the Bankinter website (bankinter.com) and on the website of the Spanish National Securities Market Commission (CNMV) (www.cnmv.es). The time frame for each fund is specified in the Key Investor Information Document.