Only for the account
Each investment fund has its own risk flag, which may be higher.
How to save for your children's future
Planning a savings plan for the future
As a child you probably had a savings account. Concern for our children's future is something that is common to all generations. But yesterday is not the same as today, just as interest rates are not what they were. It's no longer enough to simply open a savings account and deposit cash presents from grandparents. We need to look for new formulas.
When and how to start investing
That is the formula that we propose, to invest, the one that we recommend but it is also the markets' situation. Think about what you can buy today with €50 and what you can buy in 18 years with that same money. This, not another, is the reason.
The sooner you start, the better
Diapers, 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 little
The 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 antMinimise the risk
When 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 product. 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 charges.
- You do not pay taxes until you withdraw the investment.
If you are thinking about your future, then certainly you are thinking about going to college.
For parents, it is one of the biggest worries, one of the biggest reasons to have future capital available. As a result of the implementation of the “Plan Bolonia”, the options, specialisation and the offer provided by the university market have increased notably and, with it, the budget to be allocated to this fundamental, probably the most important, chapter.
If it's for them, count on them.
Fundamental. If you're thinking of their education, you also need to think of educating them about the value of things, about the true value of money. And the best way to do that is to involve them. It's important for them to understand that life comes with costs, and with unforeseen events that they need to be prepared for. Take advantage now, while they are still “sponges”, to teach them the habit of saving.
Better than the piggy bank
Currently there are accounts in the market adapted to children and young people designed for anything beyond saving or paying money. They are accounts designed for children and young people to become familiar with the financial world's concepts and tools, a world that they will one day inevitably have to confront.
5% Plan
A Bankinter idea for easily starting to invest
Every month that a minimum of €50 is contributed to an investment fund from a Yotuh Account or Mini account, 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 conditions.
Investment funds are products which may result in a loss of capital.
Other products, other suggestions:
Bankinter Broker
Bankinter's online broker. A tool that will allow you to easily access the stock market, regardless of your level of understanding of stock markets.Saving tips for families
It 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...