youth savings account

Hi all,

Probably you all know that banks are offering youth savings account with some good interests rates if the amount is less than 25k(PostFinance) or 20k(other banks).

Is it possible/allowed to have more than one youth savings account/child in one bank? E. g. 2-3 youth savings account, each with a limit of 25k at PostFinance(or any other bank)?

On their website i cant find anything

Thank you

Yes you can.

Only be careful as the youth account belongs to the child, not as easy to redeploy funds if needed.

Search the forum for this.