The Youth savings account is reserved for children aged between 12 and 24 years inclusive. If your child is older than 15, they can open a Youth savings account on their own (for Luxembourg residents). If your child already has a Billy savings account, it will automatically become a Youth savings account on their 12th birthday.
Benefits offered by the Youth savings account:
- Preferential interest rate
- Hassle-free regular or one-off payments made through the BILnet client area
- Account frozen until 18 years of age and then unlimited free withdrawals and deposits
- No management fees