If you’re opening a bank account for kids at another bank, typically the adult must sign up and then add the child on as the joint account holder. You’ll need personal identifying information, such as names, addresses, birthdates, and Social Security numbers. You must also link an exte...
Best for spending and saving: Step Visa Card Best for teens: Capital One 360 Performance Savings Best for savings roundups: Ally Bank Savings Account Best for growing with your child: Alliant Kids Savings Account Best for customer support: First Internet Bank Tomorrow’s Tycoons Best for flexibil...
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...
Tangerine is anonline bank(you can learn more in ourTangerine Bank Review), so you can open your child’s account entirely online. You’ll need a SIN plus a piece of ID for your child. A birth certificate or certificate of Canadian citizenship is accepted for children under 11. Because t...
This bank account from Barclays is similar to the BarclayPlus account for younger children, but it's a bit more tailored to older teens. It has no monthly fees, comes with a contactless debit card, and provides access to online banking via their app. This account also give them access ...
When selecting the best bank account for kids, prioritize accounts with no monthly maintenance fees or minimum balance requirements. Choose accounts that offer parental controls and educational tools. These features help parents and guardians guide their children's spending and saving habits. ...
Best Savings Accounts for Kids Bank/institutionNerdWallet rating APYBonusLearn more Alliant Credit Union Kids Savings Account 4.5/5 3.10% With $100 min. balance for APY N/A Read review First Tech Federal Credit Union Start Up Savings 4.5/5 5.00% With $0.01 min. balance for APY N/A Re...
Opening a savings account for your young child or teenager helps get them on the right financial path. Here are the best savings accounts for kids.
Best for older kids:Spectrum Credit Union MySavings Youth Account 7.00% 21 and younger View offerat MoneyLion Best for making payments:Apple Bank SmartStart Savings Account 6.00% 6–25 View offerat MoneyLion Best for earning interest:Spectra Credit Union Brilliant Kids Savings 10.38% 17 and younger...
For younger children, learning how to bank is an evolving process, and Alliant provides an excellent Stage 1 option with its Kids Savings Account, followed by an even more impressive Stage 2 option with its Teen Checking Account. Both pay competitive interest and offer well-designed mobile app ...