Savings for Child's Future

Create your child’s future today!

Start saving for a better future for your child today and make use of the following advantages:

  • Savings will help to contribute to a comfortable future of your child;
  • Savings is covered by a guaranteed amount at the end of savings period;
  • Financial safety for your child - your life will be insured;
  • Receive personal income tax refund of your contributions every year.

Savings for Child's Future Calculator

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What is Savings for Child’s Future?

You should think of Savings for Child’s Future if you wish to make it easier for your child to get good education or start an independent life.

Savings for Child’s Future provides a possibility to create meaningful savings for your child with selected size of regular contributions.

You can earn additional income when your investment grows and receive personal income tax refund from your contributions.

Why to choose Swedbank?

Savings for Child’s Future is a good saving solution:

  • you start to save money for child and we will take care of investments;
  • investment strategy to earn and to protect;
  • savings is covered by a guaranteed amount at the end of the savings period;
  • financial safety for your child - your life will be insured;
  • flexible contributions selected by you;
  • manage and follow your savings in internet bank.
What to keep in mind?

Savings for Child’s Future is suitable for you if you:

  • are planning on saving money for more than 5 years (note if you want to use personal income tax refund then savings period should be at least 10 years);
  • wish to save a desired amount by making periodic payments until the child turns 18 to 21 years old;
  • are the child's mother, father or other person - e.g. godparent, aunt or uncle, and you are up to 55 years old.

The current demographic situation suggests that we have to reckon with the fact that our future pension could be even only half of what we earn today in salary.

Private Portfolio is for people who appreciate their time and convenience in making investments.

You will automatically top up your savings with a small amount every time you pay by card.

The insurance services are provided by Swedbank Life Insurance SE which is represented in Latvia by its branch and the tied insurance agent Swedbank AS.