Junior Depots Oskar Kids ETF-Sparpläne Oskar Kids ETF-Sparpläne
Minimum savings rate
€25
Depot consulting
e-mail
Type of depot
Passive
Type of provider
Online Brokerage
Customer support
Yes
Deposit fee
0.7 to 1.0 % p.a.
Execution cots savings plan
0.14 % p.a.
Minimum age
0 Years
Application only by legal guardians
Yes
Online application possible
Yes
Online contract conclusion
Yes
Postal application mandatory
No
Postal contract conclusion mandatory
No
Application via document submission
Yes
Application in store mandatory
No
Identification procedure
Yes
Automatic reinstallation of earnings
Yes
Specials

✓ This is a robo-advisor.

Alternative

  • 1822direkt
    Deposit fee
    free
    Minimum age
    0 Years
    Minimum savings rate
    €25
    • 100 € bonus for new customers
    • Savings account at 3.30% p.a. for new accounts
    • 100 ETF savings plans permanently without execution fee
    to Provider all Details

    OSKAR Junior Depot for Children in Review!

    Sustainable saving for your children often requires careful planning. As traditional savings accounts become less attractive, it’s worth considering Junior Depots to save money effectively and profitably. OSKAR KIDS is designed to accumulate capital for children over the long term, whether for their education, major purchases, or simply as a financial cushion for the future. Discover our test of OSKAR KIDS below, covering all the information about the provider OSKAR and its special offer!

    What is OSKAR and who is behind it?

    OSKAR is the provider of a Robo-Advisor, a digital wealth management service specializing in family investments with various offers depending on interests. The options available on the website include:

    • OSKAR Classic
    • OSKAR Kids
    • OSKAR Pro
    • OSKAR Black
    • OSKAR VL

    This article focuses on OSKAR KIDS. OSKAR is a brand of Oskar.de GmbH, based in Karlsruhe. They manage both the website and the app, while the technological infrastructure is provided by Scalable Capital. The depots and clearing accounts are managed by Baader Bank AG as the partner bank.

    Fees and Interest for the OSKAR KIDS ETF Savings Plan

    The following fees apply if you choose OSKAR KIDS:

    • No performance-based fees, and depot management is free.
    • Minimum savings rate: €25
    • ETF costs: up to 0.14%
    • Wealth management fee: 1% of the portfolio value per year
    • Fee reduction: For portfolios over €10,000, the fee drops to 0.8% per year. For portfolios over €50,000, it drops to 0.7%.

    Example: For a portfolio of €1,000, the annual fees amount to approximately €10. Since this is a Robo-Advisor, your investment is automatically reinvested. More details follow in the next section.

    Investing with a Robo-Advisor – Available Wealth-Building Services

    With OSKAR, you and your family can easily build wealth. Starting from a monthly savings rate of €25, OSKAR invests for you in up to ten global ETFs simultaneously. OSKAR professionally invests your money in ETFs on the stock exchange and manages your ETF savings plan tax-optimally. The Robo-Advisor also selects low-cost ETFs and manages your portfolio entirely.

    All data can be checked online, and statistics can be retrieved at any time. You only need to choose an investment strategy that suits you. The strategies differ in the percentage of stocks you want to include. The table below from OSKAR shows the investment strategies and their potential profit or loss:

    Investment Strategy

    Good Development

    Medium Development

    Poor Development

    OSKAR 50

    8,81%

    4,35%

    0,06%

    OSKAR 60

    10,03%

    4,74%

    -0,28%

    OSKAR 70

    11,24%

    5,11%

    -0,68%

    OSKAR 80

    12,44%

    5,45%

    -1,11%

    OSKAR 90

    13,66%

    5,78%

    -1,56%

    Source: https://www.oskar.de/etf-sparplan-kinder/ Note that these are only indicative values and can change depending on market conditions.

    Differences Compared to OSKAR Classic

    The main difference between the basic OSKAR Classic offer and OSKAR KIDS lies in their target audience and some specific features:

    • Account Management and Access Rights: Parents can decide whether the account is legally held in the child’s name or their own. Additionally, the child can have read-only access to the account to learn financial management early.
    • Tax Advantages: Accounts held in the child's name benefit from higher tax exemptions, as children typically have lower or no income. This allows for higher amounts to be saved tax-free.
    • Joint Saving: Multiple people, such as parents, grandparents, and other family members, can contribute since each account has its own IBAN, making joint saving easier.

    The OSKAR KIDS App

    OSKAR also offers its own app. You have full control over your wealth accumulation, can adjust savings rates, and make individual one-time payments at any time. You can also create as many accounts for all family members as you like, ensuring a good overview. The app offers the same functions as the website and is available on Google Play and the Apple App Store.

    Opening an Account with OSKAR – What You Need to Know!

    OSKAR promises a simple and straightforward process to open a Kids account, which should take 15 minutes. Have the following documents ready:

    • ID card or passport
    • Tax ID (of parents or child)
    • Birth certificate (for savings plan in the child's name)

    Steps to open the OSKAR KIDS account:

    1. Visit the OSKAR website.
    2. Choose the OSKAR KIDS ETF savings plan.
    3. Register with OSKAR.
    4. Decide whether the ETF savings plan will be in the name of the parents or the child.
    5. Set the monthly savings rate, investment strategy, investment goal, and planned duration.
    6. Answer questions about your own risk tolerance.
    7. Provide relevant personal data and experience with financial services.
    8. Complete the KYC verification with a valid ID (ID card or passport).
    9. Enter your bank details to withdraw the monthly savings rates starting from €25.
    10. Optionally, give your child read-only access to the account. For questions or problems, there is also customer support to assist you with the application process.

    Login to OSKAR

    Once registered, you can regularly log in via the app and website. To log in on the OSKAR website, follow these steps:

    1. Visit the OSKAR website.

    2. Click the "Login" button in the top right corner.

    3. Enter your email address and password.

    4. Click the "Login" button.

    5. If activated, enter the code you received via SMS or Authenticator app. If you encounter problems, you can use the "Forgot password?" function or contact support.

    Submitting an Exemption Order with OSKAR

    Did you know? An exemption order instructs your bank to exempt capital gains from automatic tax deduction. This allows you to save taxes in case of the child's account. You can also submit this order online with OSKAR. Without this order, the bank deducts 25% capital gains tax, 5.5% solidarity surcharge, and, if applicable, church tax to the tax office. The legal maximum limits are €1,000 for an individual exemption order and €2,000 for a joint exemption order for a married couple or registered partners (as of 2024).

    Advantages of OSKAR ETF Savings Plans for Children at a Glance

    • Long-term Capital Formation: OSKAR KIDS enables long-term capital savings for the future of children.
    • No Performance-Based Fees: No fees dependent on performance; free depot management.
    • Low Minimum Savings Rate: Start from €25 monthly.
    • Automated Investments: Robo-Advisor manages investments in up to ten global ETFs.
    • Fee Reduction for Large Portfolios: Reduced wealth management fees for portfolios over €10,000.
    • Tax Advantages: Accounts in the child’s name benefit from higher tax exemptions.
    • Joint Saving: Multiple family members can contribute to one account.
    • Mobile App: Control and adjust savings rates and one-time payments anytime via the app.

    Review – How Good are the OSKAR KIDS Junior Depots and What Alternatives are Available?

    OSKAR KIDS offers a modern way to save sustainably for the future of children. With a minimum savings rate of €25 per month and no performance-based fees, it is easy to get started. Automated investments in up to ten global ETFs ensure professional and tax-optimized wealth management. High tax exemptions on junior depots allow for efficient capital accumulation. Multiple family members can save together, making OSKAR KIDS flexible. The digital management via the OSKAR app provides anytime access to your data and easy adjustment of savings rates.

    Overall, OSKAR KIDS convinces with cost efficiency, professional investment opportunities, and tax advantages. Ideal and beginner-friendly for parents and other family members who want to save long-term for their children.

    If you are still unsure, we have prepared more comparisons to help you find the right provider today!

    How does OSKAR KIDS differ from OSKAR Classic?

    - Target audience: OSKAR KIDS is specifically for children.
    - Tax advantages: Higher tax-free amounts for children's accounts.
    - Account management: Parents can decide whether the account is in their name or the child's, with optional read-only access for the child.

    What fees apply to OSKAR KIDS?

    - Minimum savings rate: €25 monthly
    - ETF costs: Up to 0.14%
    - Asset management fee: 1% of the portfolio value per year, reduced to 0.8% from €10,000 and to 0.7% from €50,000.

    What are the benefits of OSKAR KIDS?

    - Long-term capital formation
    - No performance-based fees
    - Automated investments in up to ten global ETFs
    - Tax advantages through higher allowances for accounts in the child's name
    - Joint savings through contributions from multiple family members
    - Mobile app for easy management and adjustment of savings rates
    Aroow Up