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 Read review Service Credit Union...
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: First Nations Bank of Canada Youth Savings Account Best youth...
3. TD Bank Simple Savings kid account Get started with TD TD Bank has a product called the “Simple Savings” account that's designed for people under 18 or a college student under 24. This account has a 0.02% APY, which is relatively low. The account also comes with a $5 monthly...
There are a few different types of bank accounts that can be useful for students. First, you should think about whether you need a checking account or a savings account. If you need regular access to your funds (maybe to buy books or visit the dining hall), a checking account is probabl...
It doesn’t really matterwhythey offer the accounts, though. What matters for you is the fact that they do! Let’s see what the best children’s bank accounts have to offer. Best Kids Bank Account in Canada: Tangerine Children’s Savings Account ...
Teen checking accounts can be an excellent intro to personal finance. They typically operate as ajoint bank account, with parents or guardians having full access but separate logins. This lets teenagers gain independence and responsibility in managing their money, while parents still have some oversig...
It assigns a purpose to every single dollar your child earns and spends, while also creating incentives for them and helping track savings progress. This app functions as a virtual bank. Parents are the “bankers” and the kids are the “customers.” The whole family is connected, so it’...
5. Axos Bank Axos Bankoffers a great teen checking account to give your kids their first taste of financial responsibility. While it’s not technically an investment, the Axos Bank First Checking Account pays interest of 0.25%, which is unusual for checking accounts and a great way for teens...
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...
Best for traveling students:Bank of America Travel Rewards for Students Best overall Step Visa Card Step takes the win for Best overall with its secured credit card and digital account that's open to all ages, and requires an adult sponsor for those under 18. The Step card is a secured cr...