1. Spectrum Credit Union MySavings Youth Account: Best for older kids & teens Spectrum Credit Union was founded in 1973 and merged with Chevron Financial Credit Union in 2012. This means you can open up the MySavings Youth Account at whatever credit union is more convenient for you. The ac...
The BECU Early Saver Youth Account is available for kids 17 and younger. Once they turn 18, they can convert their kids savings account into a Member Advantage account, the credit union’s premier savings option. The Member Advantage account earns a 6.17% on the first $500. As with the ...
You can have accounts at more than one bank, such as a checking account at a traditional bank and a savings account at an online one. If you need to transfer funds between accounts at different banks, the process to link them will be a bit more complicated than it would be if the acc...
Savings accountsare a conservative way to invest for teens. Parents or teens can own the accounts either as a custodial account that transfers to the teen upon maturity or as a joint account where both parties are equal owners. High Yield Savings Accounts Many online banks offerhigh-yield savi...
Plus, you can pair this best chequing account pick with the no-fee Simplii High Interest Savings Account to earn more on your savings. Dive deeper: Our picks for the best no-fee chequing accounts in Canada Best premium chequing account
Why we chose it:The Pen Air Federal Credit Union Level Up Youth Account has a debit card for children ages 8-18. Pen Air Federal Credit Union offers the Level UP Youth Savings Account that pays 0.3 percent APY on all savings balances. Accounts can be opened at a Pen Air branch in nort...
After a year or two of quiet, the mammoth online savings account comment thread has come to life again. I conducted that savings account round-up in March 2007, back when banks were offering interest rates as high as 5% for their online savings accounts. GRS readers chimed in with their ...
If you want to maximize the interest your child earns, it's important to shop around for your savings account. "Finding the right youth account is key. Looking for a financial institution that promotes strong financial habits will clear up the financial wilderness for your child," said Tim Wa...
Best online high-interest savings account: EQ Bank Notice Savings Account Best online savings account for promotional rates: Simplii High Interest Savings Account Best online bank hybrid chequing and savings account in Canada: EQ Bank Personal Account Best online bank account with a Big Bank: BMO ...
Can I open a savings account online?Get started on the path to financial success. Teach kids about money smarts with a joint account. See how a U.S. Bank Smartly® Checking account, the Greenlight app and all the special benefits for Youth ages 13 through 17 can help them learn about...