Why open a kids' savings account?
Opening a children’s savings account is often a big milestone for parents and carers.
It’s a great way to save for their future and teach kids about money. You can make the most of this by helping the children in your life to pay into the account, so they get used to the idea of regular saving. Remember to point out how the balance is growing too!
Savings accounts have different notice periods, types of access and interest rates. You can help children understand saving for different reasons by discussing this with them.