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As a bonus, HypoVereinsbank will open the accounts with a guaranteed interest rate of 2 percent per annum—which is more than our banks are giving us now, so get on that! Assuming that the base amount can’t or won’t be added to, but accounting for compounding interest, the final payout at age 18 would amount to $3,522.06—which is about what my partner and I put together when we started our own business.
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These findings come from Dusseldorf, Germany-based Metro’s International Own Business Study, which surveyed 10,000 people in 10 countries.
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