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Children's Savings Calculator

Plan savings for your child's future. See how monthly deposits grow over 18 years with compound interest in a year-by-year projection.

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🇩🇰 All calculations are based on Danish rules, rates, and currency (DKK). This calculator is translated for convenience but applies exclusively to Denmark.

Children's Savings Calculator for Denmark

A children's savings account (børneopsparing) is a tax-advantaged way to save for your child's future in Denmark. You can deposit up to 6,000 kr per year (max 72,000 kr total per child), and the returns are tax-free. This calculator shows how regular monthly savings grow over time with compound interest.

How Børneopsparing Works

An account can be opened for any child under 14 and is typically bound until age 18 (minimum 7 years). The annual deposit limit is set by law, and returns are completely tax-free. The money can be invested in stocks, bonds or savings accounts. Over 12 years with 4% annual return, a fully funded account can grow to approximately 128,000 kr.

Starting Early Makes a Big Difference

The earlier you start, the more time compound interest has to work. Even a modest 500 kr per month started at birth grows to a meaningful sum by age 18, helping with education, first car, or a down payment on a first apartment.

Frequently Asked Questions

Is a children's savings account worth it?

Yes, the børneopsparing is one of the most advantageous savings products in Denmark because returns are completely tax-free. If invested in stocks rather than pure savings, the amount can grow significantly more — approximately 128,000 kr over 12 years at 4% return.

Can a child have 2 savings accounts?

No, a child can only have one børneopsparing account. They must not have an account at another bank when you open the account.

Which is better, børneopsparing or aktiesparekonto?

Børneopsparing should always come first as returns are completely tax-free. Aktiesparekonto is best as a supplement once the tax-free options are exhausted. The tax card solution may also make sense depending on the child's income.

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