Start saving or investing for your little one
Thinking about putting something aside for your very own superhero(ine)?
It's a really smart way to provide a solid basis for later, just when your pride and joy might really need it.
Choose below how you want to save or invest for your 0 to 3-year-old and get your Bumba bath cape delivered to your home address for free!
How to receive your Bumba bath cape?
Step 1
Open or set up a savings or investment product for your child or grandchild (from 0 to 3 years of age). The participating savings products are the KBC Savings Account, the KBC Savings Account for Third Parties and the KBC Savings Account for Third Parties for a baby on the way. These accounts are ‘category A’ savings accounts: traditional savings accounts without any additional conditions. The participating investment product is KBC’s investment-linked insurance plan.
- Don’t have an account with us? Before you can apply for a savings or investment product for your child, you must have a KBC account of your own. Opening one with us couldn’t be simpler.
Step 2
Set up a savings standing order and ensure that the first deposit is made within 30 days. You can do all this using KBC Touch, KBC Mobile or by going to your branch.
Step 3
Complete the registration form. You can apply for one Bumba bath cape per child.
Step 4
If you’ve met all the terms and conditions*, your Bumba bath cape will be sent to the delivery address you provided within two months.
Deciding to set aside money for later is always a good idea. However, you should bear in mind that sustained price increases can result in the amount deposited losing value.
Investment-linked insurance plan
With interest rates remaining low, investing offers an interesting alternative to traditional means of saving. The potential return is higher and the investment horizon is long when the child is still young. For instance, putting a fixed amount into an investment-linked insurance product every month – from the time your child is born or is very young, right up until his or her 18th birthday – can ultimately generate a tidy return thanks in part to the capitalisation effect.
KBC Savings Account for Third Parties for a baby on the way (Cat. A*)
Congratulations on expecting an addition to the family! No doubt you're looking forward to getting to know them when they finally arrive. If you were planning to put an account number on the birth announcement card, the kids account ticks all the boxes. It's a savings account that you can open even before your baby is born. And of course you can continue using it to save for your child afterwards. That's win-win all round!
* The KBC Savings Account for Third Parties is a ‘category A’ savings account: a traditional savings account without any additional conditions.
KBC Savings Account (Cat. A*)
Savings on a KBC Savings Account are held in the name of the child. Your child owns the money as soon as it goes on the account, even though he or she cannot access it while still a minor. Once 18, he or she is given full control of the account. It's a great way for a young person to learn how to handle money.
An added bonus is that you don't have to pay any gift tax as long as you stay below the annual savings limit. What's more, should one parent die, no inheritance tax is due either.
* The KBC Savings Account is a ‘category A’ savings account: a traditional savings account without any additional conditions.
KBC Savings Account for Third Parties (Cat. A*)
A KBC Savings Account for Third Parties is held in your name, which enables you to keep control of the money on it. You decide when the child receives the savings. For instance, that could be when he or she reaches adulthood, goes into higher education or buys a home. Up until then, you always have the option of withdrawing the money free of charge, designating another beneficiary or changing the date on which the funds are released.
* The KBC Savings Account for Third Parties is a ‘category A’ savings account: a traditional savings account without any additional conditions.
