{"type":"document","data":{"complementaryZone":{"flexComponents":[{"componentType":"sectionTitle","title":"Also interesting!"},{"cards":[{"cardSize":"small","cardType":"product","componentType":"productCard","image":{"extension":"jpg","original":"https://assets.ing.com/m/1c7e5c7483a31e65/original/Young-boy-with-pirate-eye-patch-sits-with-father-on-boat-on-the-canal.jpg","transformBaseUrl":"https://assets.ing.com/transform/2c7df259-03e5-488d-919d-8e19ef63d534/Young-boy-with-pirate-eye-patch-sits-with-father-on-boat-on-the-canal","type":"image","width":5616},"intro":"ING Savings Account (cat. A¹), regulated savings account for your child. Consult the essential information for savers.","link":{"url":"/en/individuals/saving/youth-savings-account"},"title":"The savings account for young people"},{"body":"Birth, nursery, school, higher education... Having a child is expensive. But how much does having a child cost?","cardSize":"medium","cardType":"article","componentType":"articleCard","date":"2024-06-05","image":{"extension":"jpg","original":"https://assets.ing.com/m/4b4024744c20d2f/original/A-happy-young-girl-holds-a-tray-of-cinnamon-buns-in-the-kitchen.jpg","transformBaseUrl":"https://assets.ing.com/transform/77b6817b-52e0-4264-9cc4-9cabcf0d0ad0/A-happy-young-girl-holds-a-tray-of-cinnamon-buns-in-the-kitchen","type":"image","width":6457},"link":{"url":"/en/individuals/saving/how-much-does-a-child-cost"},"title":"How much does it cost to raise a child?"},{"body":"Paying for their studies, buying a car, renting an apartment or buying a home... Find out how much to save for your child’s future projects.","cardSize":"medium","cardType":"article","componentType":"articleCard","date":"2024-06-05","image":{"extension":"jpg","original":"https://assets.ing.com/m/6789f041bc1d62e8/original/A-toddler-sits-on-the-floor-with-a-piggy-bank.jpg","transformBaseUrl":"https://assets.ing.com/transform/903e2679-8ed3-4770-8eb9-de4170018bfa/A-toddler-sits-on-the-floor-with-a-piggy-bank","type":"image","width":4500},"link":{"url":"/en/individuals/saving/how-much-to-save-for-a-child"},"title":"Parenting: Saving for your child’s future"},{"body":"Find out how to teach young people about savings accounts with these saving tips.","cardSize":"medium","cardType":"article","componentType":"articleCard","date":"2024-05-27","image":{"extension":"jpg","original":"https://assets.ing.com/m/b40c07f5f1c893/original/Your-budget-header-3.jpg","transformBaseUrl":"https://assets.ing.com/transform/1f0ac8a8-5d20-4567-94ed-cbabc5ea746c/Your-budget-header-3","type":"image","width":1920},"link":{"url":"/en/individuals/saving/teach-your-child-how-to-save-money"},"title":"5 saving tips to teach children how to save money"}],"componentType":"cards"}]},"contentType":"onecms:editorialPage","flexPageMetadata":{"afmBanner":false,"description":"Child savings account or investment fund? Compare the two options and find the best way to save or invest money for your child’s future with our guide.","robotInstruction":{"noFollow":false,"noIndex":false}},"flexZone":{"flexComponents":[{"componentType":"sectionTitle","title":"Saving or investing, what's the difference?"},{"componentType":"paragraph","richBody":{"value":"<p>In both cases, the aim is to put money aside so that it can grow over time.  </p><p><strong>When you <a data-type=\"internal\" href=\"/en/individuals/my-life/budget-tips/tips-pocket-money-kids-budget\">put your money into a regulated savings account</a>, </strong>you are playing it safe but the return on your savings is quite moderate. </p><p><strong>When you put your money into an investment</strong>, the return can be potentially higher, but so too is the risk. Your capital is not guaranteed when you choose to invest. This solution could be the right one for you if you are prepared to take a certain amount of risk in order to get a higher return (risk levels vary depending on the investment).  </p>"}},{"componentType":"sectionTitle","title":"How does saving for your child work?"},{"componentType":"paragraph","richBody":{"value":"<p>Investing means putting your money into an investment product (shares, bonds, investment funds*, branch 21 or 23 insurance policies, etc.). This type of investment means that you accept to take a certain amount of risk in order to achieve a potentially higher return.  </p><p>Why does investing involve risk? Because financial markets simply do not move in a straight line. They alternate between upswings and downswings, depending on multiple factors (economic, social, environmental and political in particular). However, over the long term, over a period of 10, 20 and even 50 years, financial markets show a clear upward trend. </p><p>An investment must be seen as something that aims to achieve a return over the (more or less) long term. That&apos;s why some parents and grandparents choose to start investing for their children and grandchildren while these are still very young, because the investment can grow for 10, 15 or even more years. In principle, this is more than enough time to compensate for occasional stock market dips. </p><p>You need to be aware of some fundamental principles when investing for your child: </p><ul><li><p>you invest only the money you don&apos;t need in the short term, so you can let the money grow without touching it; </p></li><li><p>you diversify your investments, so as to limit the risks if one market performs less well.  </p></li></ul><p>A few investment specifics: </p><ul><li><p>potentially higher yields; </p></li><li><p>ideally a long-term investment; </p></li><li><p>greater flexibility when you invest (you choose the amounts and frequency) ; </p></li><li><p>NO capital guarantee (hence the importance of diversifying and knowing what you are investing in beforehand). </p></li></ul>"}},{"componentType":"highlight","richBody":{"value":"<p><strong>Watch the videos made by our experts:</strong></p><ul><li><a data-type=\"internal\" href=\"/en/individuals/managing-my-assets/investment-academy/basic-concepts-for-smart-investing\">Two fundamental concepts for smart investing</a></li><li><a data-type=\"internal\" href=\"/en/individuals/managing-my-assets/investment-academy/five-mistakes-when-start-investing\">Five mistakes for new investors to avoid</a></li></ul>"},"title":"Want to know more about the basic principles of investing before you begin?"},{"componentType":"paragraph","richBody":{"value":"<p><span><span><span><span><span><span><span>ING offers you the solution that suits you best.</span></span></span></span></span></span></span></p>"},"textLinks":[{"text":"Discover our savings solutions","url":"/en/individuals/saving/standing-order"},{"text":"Discover our ready-made investment solution","url":"/en/individuals/investing/easy-invest"}]}]},"hasMacro":false,"id":"ac566b79-28a0-4da4-99b1-f672cf29f1ef","localeString":"en-GB","mainHeaderZone":{"backLink":{"textLink":{"text":"Investment academy","url":"/en/individuals/managing-my-assets/investment-academy"}},"componentType":"editorialHeader","coreHeader":{"body":"Building up a capital for your child is always a good idea. In reality, there are several options available to you when you want to put money aside for this. Children’s savings account or investment fund, which is better for your child? Let's take a closer look and find the solution that's right for you.","title":"Child savings account or investment fund: which should you choose?"},"date":"2024-06-27","readingTime":5},"publishDate":"2024-11-18T15:03:10.446+01:00"}}