Financial service provider Parents rely on savings accounts for their children instead of investment funds
Parents in Switzerland are saving for their children. They do this primarily with savings accounts, as a survey conducted by Lucerne University of Applied Sciences and Arts (HSLU) on behalf of the online wealth management company True Wealth shows. Investments in securities play a subordinate role.
10.02.2025, 06:53
SDA
Specifically, more than three quarters of all parents (76 percent) invest their children's money in a savings account, as the survey of around 1,000 Swiss parents shows. Only 21 percent invest in securities such as shares or ETFs.
"With their long investment horizon, children would be ideally placed to take advantage of high-yield investments and benefit from the compound interest effect," says Tatiana Agnesens, head of the HSLU study.
The investment horizon is long because, according to the survey, over 60 percent of parents start saving in the first year of their child's life, with around 10 percent even doing so before birth.
