Offerings for children: childcare services and robo-advisors highlighted as key features

In the world of finance, a new trend is emerging: children's investment accounts. Several providers, including Trade Republic, Consorsbank, Bling, Quirion, and Finanzen.net Zero, have been offering these accounts for a while now. Recently, Trade Republic joined the fray, launching its children's account at the end of May.

This development comes after the federal government's announcement, which seems to have sparked a surge of limited-time offers from various providers, indicating an intensified competition for market share.

Sophie Deistler, a freelance journalist who primarily covers financial topics, has been following this trend closely. Deistler, who holds a Bachelor's degree in Social Sciences from the University of Cologne and has completed a journalism training program at the Cologne Journalism School, recently pursued a Master's degree in Sociology at the University of Duisburg-Essen.

The comparison Deistler conducted included 20 providers of children's accounts and 10 robo-advisors for children. The monthly minimum investment for savings plans in this comparison ranges from 1 cent at Finvesto to a maximum of 25 euros at various providers. Some providers, such as Comdirect, limit the account volume to 20,000 euros and require regular deposits.

Many providers also offer options for relatives and friends to co-save in the children's account. However, some providers, including DKB, Finanzen.net Zero, Scalable Capital, and Trade Republic, require one or both parents to already have their own account or deposit there.

Deutsche Bank is offering partially or completely waived fees for certain products until the end of the year. On the other hand, some robo-advisors such as Bevestor, Ginmon, and Minveo charge service fees.

It's important to note that this comparison only covers a portion of the providers offering investment products for children. Other providers like NIBC Direct, NAO Invest App, and Klarna Bank are not listed in the comparison overview but offer competitive products. For instance, NIBC Direct offers fixed deposit accounts for minors with flexible terms and online banking, while NAO Invest App enables private equity investments starting from 1,000 euros for smaller investors. Klarna Bank provides fixed deposit accounts with competitive interest rates, though with higher minimum deposits and limited account management options.

The new federal government has plans to pay a monthly subsidy of ten euros for a retirement savings account for children between the ages of 6 and 18, starting next year. Almost all providers waive the management fee for children's accounts until at least the age of 18.

Some providers, like Finanzen.net Zero, have introduced additional incentives. For example, Finanzen.net Zero offers a monthly premium of ten euros until the end of the year, under the condition that an ETF savings plan of at least 25 euros is successfully executed in the children's account each month.

Scalable Capital announced a children's account offer in May, with the official start yet to take place. DKB offers an early start bonus of 50 euros for savings plans on certain funds and ETFs until the end of August 2025. Finanzen.net Zero also introduced a children's account a few days after Trade Republic.

While many providers offer a fully digital onboarding process, some still require analog steps. Interested parents are encouraged to visit the email address infografiken@unsere Website-URL for more offers around the topics of investing for children.

This surge in children's investment accounts marks a significant shift in the financial landscape, offering parents and guardians new opportunities to start investing for their children's future. As the market continues to grow, it will be interesting to see how these offerings evolve and what new opportunities they bring.

Offerings for children: childcare services and robo-advisors highlighted as key features