Most bank accounts for kids come with robust parental controls so you can still monitor your child’s money management while encouraging them to learn how to manage money. How to Open Bank Accounts for Kids Most bank accounts for kids are a joint account with a parent or guardian. If you ...
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. ...
10 best bank accounts for kids in Canada in 2025 Best credit union accounts for kids Best bank accounts for kids in Canada: 2025 Comparison Basics of bank accounts for kids Best bank accounts for kids methodology Best kids bank account FAQs Guides Kids banking guide Best bank accounts for ki...
CIT Savings Connect is the best kids' savings account overall. Other top savings accounts for children are: Discover, Step and Capital One.
The best bank accounts for kids have several features in common: No annual fee No minimum balance Earns some interest Gives account holders at least SOME free transactions, preferably unlimited That’s really it. They should give your kids the maximum value for no money. A cynic would point ...
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...
The best savings accounts for kids 1. Ally Bank child account Get started with Ally Ally is an online-only bank, and it offers a variety of custodial accounts to help your child save, spend, and invest their money. If you're looking for a full-service bank that has the features ...
Greenlight enhances your child’s ability to manage money by offering one of the best bank accounts for kids. Saving, spending, and earning are all under parental supervision. The app’s saving feature promotes goal-setting by allowing kids to save money for future purchases. In contrast, the...
The best investment accounts for kids charge no account fees and have no minimum initial deposit. This allows your kids to start investing with a small amount of money. Consider the costs associated with the investments your child plans to choose. For example, you should ensure the broker ...
Types of Bank Accounts for Kids and Teens For individuals younger than 18, banks and credit unions most commonly offer some kind of savings account. But the account types they offer can vary, such as: Children's savings account Youth savings account ...