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...
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 ...
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...
CIT Savings Connect is the best kids' savings account overall. Other top savings accounts for children are: Discover, Step and Capital One.
Best for young children: PNC’s ‘S’ is for Savings Why we chose it:The bank has a learning center where kids can learn from Sesame Street characters. The ‘S’ is for Savings account offered byPNC Bankis designed to help younger children learn about money and banking. The account’s ...
Best overall kids account: BMO Performance Chequing Account Best hybrid chequing and savings account: Scotiabank Getting There Savings Account 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 acc...
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...
Consider these accounts for saving money for your kids. Feed your brain. Fund your future. Subscribe now Savings account A parent can open a savings account at a traditional or online bank for a child of any age, as long as the adult is the primary or joint account holder. It's easy...
One of the unique features of FamZoo is the virtual family bank. This allows parents to create a bank account for the family, which can be used to teach kids about savings and investing. Parents can track interest and dividends earned on the account, and kids can learn about financial plan...
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 ...