ING Direct-Depot Junior reviewed

Due to falling interest rates, savings accounts are no longer attractive investment options. Today, those who want to save for their children invest in funds and ETFs instead. With the ING Direct-Depot Junior, you can easily build wealth for your child. Although this carries higher risks, it also offers better returns. Even small amounts can grow steadily, just like your child's dreams.

Learn how to open the Junior Direct-Depot from ING, what costs you can expect, and much more in our review.

The ING Direct-Depot for children offers the following benefits:

To open a Junior Depot with ING, just follow our step-by-step guide:

All transactions of the Junior Direct-Depot are processed through the so-called settlement account. This is a checking account or extra account that you have with ING. If you do not yet have an account with this bank, a settlement account will be automatically created when you open a depot. If you are already a customer of ING, you can choose which of your accounts to use as a settlement account when opening the depot.

According to ING, all ETF savings plans are permanently free of charge. However, fees are incurred when buying and selling ETFs. For each order, you pay a basic fee of €4.90 plus 0.25% of the market value. Additionally, there is a trading venue fee. This can range from €1.90 to €14.90 depending on the trading venue, but direct trading is free of charge.

Here's a small example calculation for an order with a market value of €500 in direct trading: €4.90 + €1.25 + €0.00 = €6.15

You can cancel ING's Junior Depot at any time for free – without any notice period. Follow these steps:

Important: Before you cancel your child's depot, it must be empty. You have several options: You can sell the existing securities, transfer them to another depot, or have them written off as worthless. Note that only whole shares can be transferred to another depot. You can sell fractional shares.

If you also want to delete your settlement account, you must apply for this separately.

By recommending the Junior Depot, you can secure a bonus as part of the customer referral program. Choose between a €50 credit or saving the order fee for the next 10 trades. You can also opt to donate €50 to UNICEF to help other children and teenagers.

You manage the Junior Depot and settlement account directly with ING – Germany's largest direct bank and the country's third-largest bank. The bank places great importance on data protection and ensures secure transactions. ING holds a German banking license and is a member of the statutory deposit insurance fund. This means your balance in the settlement account is protected up to €100,000. For ETF shares, deposit insurance does not apply, as investor compensation under European law applies here. Each investor is protected up to 90% of the securities value, with a maximum of €20,000.

ING DiBa AG is a German direct bank founded in 1965 in Frankfurt am Main and is now a subsidiary of the Dutch ING Group. The bank now has more than 9 million customers and €135 billion in deposits. ING's core products are checking accounts, home loans, savings deposits, consumer loans, and securities. Specifically for children, the bank has introduced the Direct-Depot Junior – allowing you to save with great returns for your child's future.

To find the right junior custody account, parents should compare several providers. Discover more junior depots in our tests!