When the save jar gets full, a savings account can teach kids about banks and interest.
What to look for
- An account a child can open with a parent or guardian
- No monthly fees or minimum balance
- FDIC or NCUA insurance
- A way for your child to see the balance grow
Make it real
Visit the bank or credit union together. Look at the statement each month and point out any interest.
We don't recommend specific banks or accounts. Compare options in your area. Bright Buck Club isn't paid by any bank, card company or kids' app.