Trade Republic launches a new, innovative offer for families:
With the children's custody account parents can now invest for their children easily and free of charge - and with special benefits:
📌 The most important thing in a nutshell:
- Available immediately: Children's custody account without waiting list, opening completely digitally via app.
- Free ETF savings plans: Share and ETF savings plans are also free of charge in the children's custody account.
- Interest included: Currently 2.25% interest p.a. on the entire balance.
- Unique:
No fund costs for selected Vanguard ETFs - are credited as "Trade Republic child benefit" and automatically reinvested. - These include the $VWCE (+0.35%) the $V3AA (+0.36%) and the $V80A (+0.28%)
- Longer-term benefit: Fund cost exemption applies until the child's 18th birthday.
- Savings function: Family & friends can contribute regularly to the custody account by direct debit.
- Use the tax-free allowance: Invest up to approx. €13,000 a year tax-free for your child.
- Early start pension at a glance: Preparation for planned state subsidy (€10/month from 6 years of age).
- Long-term wealth accumulation: With €100/month from birth & 7% return: over 43,000 € with 18 yearsin the long term up to 1 million in retirement possible.
🎯 Target (according to Trade Republic):
To make early and efficient provision for children - for education, self-employment or retirement provision. Trade Republic makes private wealth accumulation easier, cheaper and more collaborative.
➡️ Conclusion:
A strong offer for families - with ETF savings at no ongoing costs, digital opening and the opportunity to build up assets for children together with family and friends.
Source: https://www.mydealz.de/visit/threaddesc/2577880/11853718
