The best savings account is not an account

One of the most important concerns parents have is about the future of their children. Whether they can give them the best education or pay them a stay abroad to learn a language perfectly or to improve professionally. Naturally, this translates into an economic necessity.


Do nothing dedicated to a specific goal who knows. If the child will want to study at 16 years old and time trust that financial institutions want us to lend to the type of Inters there at that time. Assuming we can get to pay double what it would cost us if we had the money available.

Start saving the child is small so that the decision whether to study at a university the opportunity to spend some time in one country. Another is subject only to us without relying on the approval of a loan or Help from a scholarship.

We have seen that saving for children is one of the goals that parents have to save. So we have launched a website dedicated exclusively to inform the options in the market to accumulate a Piggy bank for when our children grow up. You can consult this link: Where to invest savings for children: Children’s Savings Account and other options

The most common thing is to open a checking account and to enter a monthly amount of money how much I get to have the money in the account. In this link, you can see that in 2016 the most profitable children’s accounts ranging from 0.1 to 1%.  Although most are yielding less than 0.2% Is it a good option?

It is necessary to appreciate that from year to year the same amount of money is having less real value. The rise in prices, inflation or the consumer price index (CPI) means that the real value of our money is lower each year.

If instead of entering an account we make it into an investment fund that gives us the same profitability we see that we will get more capital. This is because in the investment fund we do not tax until we sell the fund’s holdings and in addition. We only do so for the capital gains generated. You can see more details of this effect in article to save on deposits or mutual funds.