8 best savings accounts for kids The best kids’ savings accounts offer high yields — higher than the national average of 0.40%, as reported by the Federal Deposit Insurance Corporation (FDIC). We’ve gathered the best accounts with high-interest earnings and low fees so young savers can sta...
See theAccount Agreement for Personal Checking, Savings and Money Market Accounts- Interest Payment and Balance Computation section for details. Transaction fees will apply to your account if you exceed six (6) Restricted Transfers in a monthly service charge period. Restricted Transfers are transfers...
Custodial savings accounts These accounts are created by a parent or grandparent for the benefit of a child or grandchild. They fall under the Uniform Gift to Minors Act (UGMA) or the Uniform Transfers to Minors Act (UTMA), and contributions can be invested in stocks, bonds, mutual funds...
Interacting with the account is enhanced for both kids and parents by the well-designedmobile banking app, which enables automatic transfers from parent accounts to the youth account (think automated allowance payments) and the establishment of savings goals that will motivate your child to keep savi...
Kids savings account: Consider high-yield online savings Many top kids savings accounts offer strong rates, but only up to a certain amount, say $500 or $1,000. This could be a great choice for kids who are just starting to save, but if their balance climbs above the limit, it may ...
A child can generally have a savings account at any age. The best savings accounts for kids earn interest and have no monthly fees. A parent or guardian will likely need to open the account. Shop top savings accounts Interest rates are at a 22-year high — take advantage with a top sav...
Savings tools to help kids grow their money Methodology: How we choose the best accounts 5 ways to find the best savings account for my kid Can I open a regular savings account for my kid? 8 kids' savings account alternatives Compare debit cards and savings accounts for kids How to set ...
It's never too early to start saving. The Key4Kids savings account is a children’s savings account that helps kids build strong financial habits.
Children are considered joint owners on their accounts. This means they have equal ownership rights with the adult listed on their checking or savings account. Access to account information may be granted in person, over the phone or through Online Banking & Mobile Banking depending on your prefer...
Help prepare your kids and teenagers for the future with youth savings account from WaFd Bank. Easily transfer money from your account to theirs.