"Mustachian" new bank account for newborn babies

[Leonidasgr]

Hello All,

My apologies if the topic was already discussed…

What would be the best option for a baby savings account?

Normally there should be kind of advantageous terms for a new child savings account, but here in Switzerland I see no difference to the standard 0% or -%

The plan would be to put a small amount of money aside every month (for 20 - 25 years), so that to be able to get the most out of it in the adult life…

[REandSTOCK]

Here are some examples, but it really depends on where you live :
Coop Depositenkasse / Coop Caisse de dépot (NOT a bank) : 0.2%
SB Saanenbank : 0.5%
Caisse d’Épargne d’Aubonne : 1.25%
Caisse d’Épargne Riviera : 1%
Glarner Kantonalbank : 0.25% (max 20k)

[Dr.PI]

Investing for your children?

Hello, I am thinking about opening a bank account for my 2 years old girl, her piggy bank is full, also her grandparents would like to send some cash from time to time. Does anybody know of a good option? Otherwise, what I’d like to do is investing this money in a VT-like fund but my broker (IB) has relatively high inactivity fees and (afaik) no real multi-user option to split investments.

How to invest for children?

Hello - i have been saving 200 CHF a month for each of our two children in our bank account. UBS of course picked up on this and convinced us to redirect these funds to a Children’s Investment Fund. We did not know much about standard commissions and fees but after reading a bit more about this, we are convinced there may be a better way to invest their money. Does anybody have any top tips here? thanks!

Create a pensionfund for your newborn

The other day I’ve read an article about a suggestion from an invest manager in US to get a birth right for each individual born in US in this case of having a fund open in a low cost Index fund of 6.7K$ (not remembering the right figure). He foretasted that at the time of pension you will be millionaire and therefore (you do not really need to have a financial social system to support your old generation over the life time. I was thinking to do it for my kids . What do you think? → not really…

Me and my wife decided not to create any accounts on our children’s names.

[rolandinho]

20-25 years is perfect for investing in a diversified ETF (low risk of loss over such a timeframe).
An accumulating world or similar ETF, that you don’t own yourself, in one of your own broker-accounts, gives a clean solution and easy to keep “separate”.
You’ll have to pay the taxes on it, regardless.

[Dr.PI]

Exactly, for example degiro or Flatex (sub)account for your children.

[ItalianEngineer]

CX kids account? It seems pretty I retesting the 5% up to 1000chf… Any experience with it?

[markyto]

In terms of savings account, i highly recommend Caisse d’Epargne d’Aubonne (again, depends on where you live). It has 1.25% until age 30. They also have current accounts from age 16 which have 0.75% until age 30, all free with a Maestro card.

[Schwarzpulver]

AKB waives the fees for investments into the depot for children.

[Leonidasgr]

For AKB indeed it seems interesting… (no fees and 0.15% interest up to 50k?). However as my German is not so good I cannot get clear all the other details…

CX Viva Kids Savings account might be a good choice if you have already CS account and you plan just to deposit 1K per year for getting the 5% I guess…

Assuming I am already an account holder in Interactive Brokers and if I choose to go with the “VT” ETF option for 20 years in my own account, and assuming my plan was to put aside around 250-chf a month for my child would it be better in terms of fees/taxes to go with IB and VT or with Degiro and VWRL?