Saving for young people
Choose the best savings account for your child
Do you want to teach your child to manage their money while retaining control of their savings? You can do so now with the ING Green Savings Account and the ING Orange Savings Account, two free online accounts that offer a basic rate of 0.01% and a fidelity premium of 0.10%.
You teach your child to save money while retaining control of their account until they reach 18.
Your child’s savings are protected by law and by the deposit guarantee scheme.
Free of charge
You pay nothing to open and manage the online savings accounts.
You choose the amount, term and the way in which you manage your savings.
Would you like to teach your child to save money while retaining some control over their savings account? If so, these accounts are right for you. With the ING Orange Savings Account, your child cannot access their savings before they turn 18, except with your authorisation. With the ING Green Savings Account, your child may access their savings under your control.
You have access to the capital up until your child’s 18th birthday
You have access to your money until your child turns 18. Transfer it to your current account – it's that simple! On your child’s 18th birthday, the young person’s savings account becomes the full property of your son or daughter and you no longer have guardianship of it.
Your child’s money is secure
These two accounts are regulated savings accounts governed by Belgian law, and the law does not allow negative interest to be charged to this account. Therefore, ING will not do this.
What would happen if ING went bankrupt? Your savings are protected up to 100,000 euros by the deposit guarantee scheme. The remainder is not covered. It may be lost or subject to a reduction or conversion into shares (bail-in). Discover the Key Information for Savers, ING Green Savings Account and ING Orange Savings Account.
You do not pay tax on your interest
If the interest on the savings account is less than 1,880 euros, you will not pay the 15% withholding tax.
We automatically pay your interest into your savings account
The basic interest will be transferred annually on 1 January.
The fidelity premium is obtained after 12 consecutive months. This interest is paid every 3 months on set dates: 1 January, 1 April, 1 July and 1 October. You can monitor your account balance and interest easily on your bank statements, in Home’Bank and via our smartphone and tablet apps.
The terms and conditions of the ING Green Savings Account and ING Orange Savings Account are simple and clear. This page contains all necessary information. However, before opening an account, we advise you to read these useful documents so you are aware of all the details.
Informations clés pour l'épargnant :
Everything you need to know about this savings account
ING Orange Savings Account
This free account is an open-ended, regulated savings account. There is no minimum amount to be paid into your account when you open it. Likewise, you are free to transfer the right amount for you into your account: there is no maximum amount.
The basic rate is 0.01% and the fidelity premium is 0.10%. These interest rates are expressed on an annual basis and may be adjusted at any time. You can find the current rates online and in all ING branches. If the rate changes, we inform the account holders via their bank statements. You can view your account balance easily either on your bank statements, in Home'Bank or via the smartphone and tablet apps.
If the interest you earn does not exceed 1,880 euros, you will not be liable to pay withholding tax. If the interest you earn does exceed 1,880 euros, you will pay withholding tax at a rate of 15% (per taxpayer for the 2017 tax year, based on 2016 income).
What happens if a financial institution goes bankrupt? The first 100,000 euros of your savings are protected by the deposit guarantee scheme. Above this protected amount, this no longer applies: these savings may be lost, reduced or converted into shares (bail-in). Please note: the deposit guarantee scheme only applies to private individuals, associations and small and medium-sized businesses.
Not completely satisfied? Contact ING Complaint Management by phone on +32 2 547 61 02 or by e-mail at firstname.lastname@example.org. Have you already contacted ING? You can now contact Ombudsfin, the financial disputes ombudsman, by telephone on +32 2 545 77 70 or by e-mail to email@example.com.
This account makes saving really easy. However, before you open this account, we advise you to read the following documents:
These documents are always available free of charge on our website and in all ING branches.
ING Belgium SA/NV, a company under Belgian law – Registered office: avenue Marnix/Marnixlaan 24, 1000 Brussels – Belgium
Already a customer?
You can open these two accounts onlineApply via Home’Bank
Not yet a customer?
You can open your ING Green Savings Account or ING Orange Savings Account at any ING branch.ING branch finder
Is your child aged 12 years or over?
Remember to have their ID card to hand when you open the account