Best for kids of all ages: 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 turn...
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.
such as checking and savings accounts. However, most U.S. banks and credit unions allow children to hold deposit accounts together with a parent.
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 If you're able to leave the money in for longer periods of time, you could consider stashing cash in a certificate of ...
See our methodology for more information on how we choose the best teen checking accounts. Read more These are the best savings accounts for kids and teens Here are the best checking accounts with no monthly fees for college students and teens Start saving up for your kid's college years ...
Basics:Originally named GS Bank after its prestigious namesake, Marcus by Goldman Sachs is an online-only bank offering free savings accounts (among other products). Pros:You can open as many savings accounts as you need, setting aside funds for various goals. You’ll face no minimum deposit ...
10 best bank accounts for kids in Canada in 2025 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 ...
Best for kids Alliant Kids Savings Account 9.2 Excellent Finder Award Alliant Credit Union will pay the $5 initial deposit The Alliant Kids Savings Account is a great option for children under 12, as most kids bank accounts are reserved for children 13 and over. This account has no mon...
If you are still deciding the best way to save for college, this article provides information about six common accounts you can use and the biggest pros and cons of each. 1.529 Plan A 529 plan is a popular type of education savings account that offers both federal and some state tax benef...
Savings accounts can be a rewarding way for your child or teen to learn about money. We've been researching the best kid and teen bank accounts since 2021, starting with a pool of almost two dozen options. These accounts are educational and child-friendly, and after hours reviewing interest ...