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While we work hard to provide accurate and up to date information that we think you will find relevant, Forbes Advisor does not and cannot guarantee that any information provided is complete and makes no representations or warranties in connection thereto, nor to the accuracy or applicability thereof. In this article we explain: What are the best types of savings accounts for kids What you need to think about when choosing one Why we rate regular savers There are lots of different junior savings accounts to choose from Choosing the right junior savings accounts Once you have decided on the right account for your child, make sure you choose the best rate.
Find out more: What is the best age to start investing? Sign up to our newsletter Receive regular articles and guides from our experts to help you make smarter financial decisions. First name. Last name. Read next. Top fixed rate bonds for savers Top fixed rate bonds for savers Savings accounts. What is the best savings account for a lump sum? Best savings accounts in Best savings accounts in Savings accounts. To determine the best accounts, we took a close look at 70 financial institutions, including the largest U.
Summary of Best Savings Accounts for Kids. Read review. Not yet rated. Capital One Kids Savings Account. APY 0. View details. Why we like it Capital One has a kids savings account that offers a phone app with mobile deposit and the ability for parents to link their external bank accounts. Why we like it Alliant offers 0.
Bank of America Minor Savings Account. APY 2. Why we like it Boeing Employees Credit Union is not an easy credit union to join, but its stellar promotional APY earns it in a mention on this list. Using a kids savings account as a learning tool.
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