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Youth savings

Plan for your child’s future with BIL! Give your child the best start in life with savings and funds to finance their studies and personal projects

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    Four attractive savings solutions

    *For the birth of your child, up to 150 euros offered to invest in our savings solutions! (€50 in Flexicav, €50 in BIL Kids Future (Axa) or in protect4life (Foyer), €50 in Billy savings account)

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    SICAV savings plan

    Flexicav: an investment fund savings plan to build up capital at your own pace

    In addition, 50 euros are offered by BIL for opening a Flexicav at the birth of your child (amount placed in Flexicav)

    Discover its benefits and how it works

    Life insurance

    Do you want to give financial help to your children as they embark on a career, study, travel or move out?

    Take advantage of life insurance

    • Savings
    • Protection
    • Retirement savings
    • Flexibility
    • Tax benefits

    50 euros offered by BIL for opening a life insurance at the birth of your child (amount placed in the life insurance)

    Why choose BIL for your life insurance policy?

    As insurance intermediaries, we offer you unbiased advice about which solutions best meet your needs and financial capabilities.

    Also enjoy tax benefits(1)

    Deduct your premiums from your taxable income within a limit of EUR 672 per year and per person belonging to the household for tax purposes. To simulate other possible deductions, visit www.deductionsfiscales.lu.

    Our youth Savings account

    • Billy Savings account

      You can open a Billy savings account on your child’s behalf from birth and until their 12th birthday.

      The benefits of the Billy savings account

      • Preferential interest rate
      • Hassle-free regular or one-off payments made through the BILnet client area
      • You will receive a EUR 50 gift from BIL when your child is born and you open a Billy savings account (amount deposited in the Billy savings account)
      • No management fees

    • Youth Savings account

      The Youth savings account is reserved for children aged between 12 and 29 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.

      The benefits of 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

    Need more information about about our youth savings solutions?

    Make an appointment

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    (1) For Luxembourg tax residents or persons treated as such; the tax benefits depend on each taxpayer’s individual situation, are subject to change, and apply for a minimum policy term of 10 years.