What is a Junior Savings?
Provide for your child’s future by opening an ING Luxembourg Junior Savings. The preferential interest rate on this savings account means that your child can build up savings to which he will only have access when he reaches adulthood.
The Junior Savings is an account in euros (EUR):
- Interest is paid on your child’s money at a preferential rate.
- The capital and interest are blocked until majority of the child. (see details below)
- There are no charges: neither for management nor statements.
- You always know the rate at which interest is paid on the money. The interest rate on the Junior Savings varies and is subject to change in line with money market conditions.
Unblocking the balance and withdrawing interest
- For two months after he reaches the age of 12, your child has the possibility of withdrawing the balance through his legal representative(s).
- Between the ages of 12 and 18, the capital remains blocked until your child reaches the age of 18, although he can withdraw the interest once a year, with the consent of his(her) legal representative(s).
Every year, it is the same old story: we have to fill in our tax declaration. For many of you, this annual exercise is like a chore. It is a pity because a tax declaration, correctly optimised, can save you money by reducing your taxes.
An automatic savings plan (aka ASP) is a standing bank transfer order that transfers money from your current account to your savings account on a fixed date.
You want to improve the return on your savings and make your first steps in the investment world but you don’t know how to do it? Why not trying regular investments? This financial solution is to invest on a regular basis (every month or every quarter) the same amount of money, fixed in advance, in an investment fund. Here are the main advantages.