Savings account for your child
Learn to save together
Interest up to
- Open easily online
- A little help saving up for later
Open an account today
The sooner you start saving, the bigger your child's nest egg will be. Open a KidsFuture Savings Account (KinderToekomst Spaarrekening) and start today. It will make it that little bit easier for your child or grandchild to go to university, get a driving licence or find a place of their own.
In a nutshell
About the savings account
- Savings account in your child’s name.
- You can save right from their birth.
- You manage the account until your child turns 18.
- Your child gets control over the money on their 18th birthday
Opening the savings account
- The legal representative can open the KidsFuture Savings Account.
- Make sure you have your child’s BSN to hand.
- The savings account is free of charge if you have an ABN AMRO current account.
- You need to have your own current account.
Using the savings account
- Manage the savings account in the ABN AMRO app or via Internet Banking.
- The savings can be withdrawn at any moment.
- Transfer money to the savings account from a current account.
- Withdrawals are made through a Young Person’s Growth Account in your child’s name.
More information
Interest
- The current interest rate for the KidsFuture Savings Account is 1.25%. This interest rate applies to the balance class of €0 up to and including €1,000,000. No interest will be paid above the stated balance class.
- The bonus interest rate is currently 0.15%. This interest rate applies to the balance class of €0 up to and including €1,000,000. No interest will be paid above the stated balance class.
- All the current interest rates for our savings accounts are listed in one convenient place. See the current interest rates here.
- If you would like to receive an email when the interest rate changes, sign here up for our newsletter.
Opening an account
- You can open a savings account if you have an ABN AMRO current account. Simply call us at 0900 - 81 70 (standard call charges apply). If you are calling from outside the Netherlands, please dial +31 10 - 241 17 23.
- You open the account before the child reaches the age of 18.
- When you open a KidsFuture Savings Account (KinderToekomst Spaarrekening), you will be asked to provide the child's Dutch personal ID number (Burger Service Nummer (BSN)). You will find this number on the child's health insurance policy or card, or on the letter explaining the BSN that you will have received from your local council.
- You can open one KinderToekomst Spaarrekening per child.
Withdrawals
- You can withdraw as much money as you like from a KidsFuture Savings Account whenever you want and free of charge.
- All you need to do is transfer the amount from the savings account to an ABN AMRO current account in the child's name. You can do this using our Mobile Banking app or Internet Banking, or by calling 0900 - 81 70 (standard call charges apply).
- When you open an account, it will automatically include Internet Banking access, making it easy for you to manage your child's savings account.
Your child turns 18
- ABN AMRO will close the KidsFuture Savings Account (KinderToekomst Spaarrekening) in the month of January in the year after your child turns 18. The savings, including the base rate and bonus interest rate, will be transferred to another ABN AMRO savings account in your child's name.
- If your child does not have another ABN AMRO savings account, we will open one for him or her. You will receive a letter with more information as the date approaches.
- If your child wants to earn the bonus interest in the year he or she turns 18, your child must leave the savings in the account up to and including 30 December.
- Please note: When your child turns 18, only he or she will have access to the money.
Closing the account
You can close the KidsFuture Savings Account at any time. Simply call us on 0900 - 81 70 (standard call charges). If you are calling from outside the Netherlands, please dial +31 10 - 241 17 23.
Dutch Deposit Guarantee
Our money is protected by the Dutch Deposit Guarantee.
Your money held in accounts at ABN AMRO Bank is legally protected by the Dutch Deposit Guarantee, from 1 cent to €100,000. This protection applies per person and applies to the total amount that you have in your accounts at ABN AMRO Bank. You do not have to do anything for this.
Terms and Conditions
In the event of any disparity between the Dutch original and the translation, the Dutch intro will prevail.
84% of our clients with children under 10 have a children’s savings account
Want to open a current account for your child right away?
Current account for children aged between 0 and 11
Having his or her own bank account is a good first step for your child to learn to how to manage his or her money. The children’s account lets you decide what your child can and can’t do with the account. This way, you can gradually increase your child’s freedom to make his or her own financial decisions, while you keep an eye on the account to make sure everything is in order.
Current account for children aged between 12 and 17
With your child now at secondary school, he or she will need to use money more often. having a bank account makes it all so much easier. A young people’s account lets you give your child the freedom to spend his or her money, while you keep an eye on the account to make sure everything is in order.