Best for growing with your child:Alliant Kids Savings Account Best for customer support:First Internet Bank Tomorrow’s Tycoons Best for flexibility:Prime Alliance Bank Personal Savings Account Best overall CIT Savings Connect The CIT Savings Connect online account offers the highest rate on this list...
Opening a savings account for your kids is a great way to teach money management skills and start them on the way to financial success. The best savings accounts for kids earn interest and have no or low monthly fees — like the best savings accounts for adults. They may also have highly...
With a $5 minimum opening deposit and a strong yield on most balances, theAlliant Credit Union Kids Savings Accountis ideal for long-term savings goals. This account is open to kids under 13, giving them more time to accrue compound interest. Kids 13 or older aren’t eligible to apply, ...
4. Capital One Kids Savings Account: Best for savings goals Capital One may be best known for its credit cards, but it also maintains robust personal banking accounts, including the Capital One Kids Savings Account. This account is open to children under 18 and requires a parent, guardian, ...
Capital One Kids Savings Account Why we chose it:You don’t have to wait until your child is a certain age to open this account. A parent or a legal guardian can open this account for a baby. Grandparents can open one of these accounts when the child turns 12. ...
Best little kids bank account: RBC Leo’s Young Savers Account Best credit union account for kids: Oaken Savings Account Best high-interest rate kids bank account: Tangerine Children’s Savings Account Best online application kids bank account: CIBC Smart Start Best Indigenous-led kids bank account...
Some of the best types of savings accounts for kids There are several types of accounts you might consider opening for your child. There is the traditional savings account, of course, which allows them to earn interest over time, and there are investment and education-focused accounts, too. ...
Canada’s Best Kids Bank Account for Rewards: Scotiabank Getting There Savings Account The Getting There Savings Account is Scotiabank’s account for children under 18. It features unlimited debit transactions, so if you’d rather have your kids learning how to use a debit card, it’s a good...
But parents may want to keep close tabs on account activity—and teach their kids about wise saving and spending habits. Besides the above standard offerings, the best savings accounts for kids have no minimum balance requirement, no monthly fees, and a better-than-average interest rate. CD ...
Account Ages Monthly fees Card Features Revolut <18 6–17 None Customisable debit card (fees may apply) No costs for 1 account Dedicated app for kids Savings features like Pockets and spare change round-ups Cashback rewards Card compatible with Apple Pay and Google Pay (age restrictions apply)...