For generations, children have learned the basics of money through a savings account. Opening an account in your child’s name can help them understand the importance of putting away money for the future. They can take pride in watching the balance grow, set goals for special purchases and ...
As a parent, you know how important it is to teach your children financial responsibility. A children’s savings account can help your child learn hands-on money management skills – such as budgeting and saving – from an early age. Children's bank accounts also help teach financial concepts...
You can open a savings account for a baby, or a child of any age, typically with joint ownership or control. Here are answers to important questions about your child’s first account.
You can open a savings account for a baby, or a child of any age, typically with joint ownership or control. Here are answers to important questions about your child’s first account.
Teaching your children about money management at an early age is a good reason to open a kids’ savings account for them. It may help them develop their financial sense for both the short term and the long term, and reinforce the idea of saving.1 Besides, savings accounts pay interest, ...
Savings accounts for kids Teen Savings Prepare your teens for a life of financial independence and success. Our teen savings account is perfect for kids ages 13–17. Get started Youth Savings Start your children on the path to smart money management. This youth account was designed for children...
Children grow up fast—so it’s never too soon for family and friends to take steps to help them reach their greatest potential. One way to do that is by opening and funding a savings account for a minor. It’s not only an opportunity to teach them the value of saving long before th...
The money values we learn as children stay with us the rest of our lives. If you are a parent teaching your children the value of saving and investing will benefit them the rest of their lives. Here's what you can do: Help your child begin to save. Open savings accounts for your chi...
When you decide to open a bank account for your child, two of the most popular options to consider are checking accounts and savings accounts. Savings accounts:Children may be ready to benefit from akids' savings accountat a young age, once they express an interest in shopping, saving, or...
“Is your teen interested in managing money, saving for different goals and spending on their own?” asks Kimberly Palmer, a personal finance expert. If so, a checking account can be a great way to flex those skills and practice money management, she adds. ...