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   Can a child have a savings account?

   • Here is a list of our partners and here's how we make money. 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.

   Kids Savings Accounts: Open a Savings Account for a Baby or a Child

   www.nerdwallet.com/article/banking/opening-child-first-bank-account

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   Should you get your kid's first savings account?

   • “Many of the banks in this country have accounts for your kid’s first savings account—and they’ll have great features such as no monthly fees, and unlimited free transactions,” says Melissa Leong, author of the award-winning finance guide Happy Go Money and a mother of two.

   What to look for in a kids’ bank account - MoneySense

   www.moneysense.ca/save/best-kids-bank-accounts/

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   Why do kids need a savings account?

   • A savings account provides your child with a glimpse into how banks and credit unions work and gives them a place to stash allowance and birthday money. It also gives them the opportunity to grow their money with interest. Here are answers to common questions about savings accounts for kids. Is my child old enough for a savings account?

   Kids Savings Accounts: Open a Savings Account for a Baby or a Child

   www.nerdwallet.com/article/banking/opening-child-first-bank-account

   See all results for this question

   How do I open a kids' savings account?

   • Opening a kids’ savings account is a straightforward process, typically involving the following steps: Research, compare and decide: Explore different banks and financial institutions to find the savings account that suits you and your child’s needs.

   Kids Savings Accounts: A Complete Guide for Parents - Money

   money.com/kids-savings-accounts-what-you-need-to-know/

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   Should a child get a bank account?

   • Bank accounts typically require an adult to apply, so a standard account in a parent or guardian’s name — even if it isn’t marketed to kids — could be an option. Keep an eye out for the following: Saving should be a good thing. Don’t let fees diminish what your child puts into their account. The national average savings rate is currently 0.46%.

   Kids Savings Accounts: Open a Savings Account for a Baby or a Child

   www.nerdwallet.com/article/banking/opening-child-first-bank-account

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   How do I choose a child's savings account?

   • A few things to consider when looking at kids' savings accounts are the interest rate, monthly fee, and access to online banking. Most child-specific savings accounts require the parent/guardian to open the account for the child, but the account holder can be age 18 or under.

   Best Children’s Savings Accounts For Your Child Or Teen

   moneygenius.ca/blog/childrens-savings-account

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2. money.com › kids-savings-accounts-what-you-need-toKids Savings Accounts: A Complete Guide for Parents - Money

   money.com › kids-savings-accounts-what-you-need-to

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   Aug 3, 2023 · How to open a savings account for your child. Opening a kids’ savings account is a straightforward process, typically involving the following steps: Research, compare and decide: Explore different banks and financial institutions to find the savings account that suits you and your child’s needs.

3. www.td.com › choosing-kids-bank-accountsChoosing your child's first bank account | TD Canada Trust

   www.td.com › choosing-kids-bank-accounts

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   If you think your kids may have outgrown their 'piggy bank', consider looking for a bank account that can help them save. For youth and students, we offer a TD Student Chequing Account with no monthly fees and you can have the flexibility of unlimited transactions as well as free eTransfers®.

4. Videos

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     Best Savings Account for Kids (THINGS TO KEEP IN MIND!)

     Apr 1, 2021

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     What Are 5 different Types of Savings Accounts For the Benefit of Kids?

     Jan 3, 2021

     2.9K Views

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     The BEST Way to Open a Child's First Savings Account

     Aug 31, 2022

     763 Views

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5. hardbacon.ca › en › bankingThe 11 Best Bank Accounts for Kids in Canada - Hardbacon

   hardbacon.ca › en › banking

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   Oct 23, 2023 · Tangerine Children’s Savings Account: Best bank account for kids with savings goals. Savings Account. Get It Now. Monthly Fee: None. Interest: 1.10% Rewards: None. The Tangerine Children’s Savings Account is available to kids under the age of 11, but you’ll need to open your own Tangerine account first before you can open an account for your child.

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6. moneygenius.ca › blog › childrens-savings-accountBest Children’s Savings Accounts For Your Child Or Teen

   moneygenius.ca › blog › childrens-savings-account

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   Jun 7, 2024 · The Tangerine Children’s Savings Account is Canada's best overall children’s savings account thanks to its 0.8% interest rate and kid-friendly online accessibility. Plus, it has no fees so kids can save their allowance for something a little more exciting than banking.

7. www.nerdwallet.com › article › bankingKids Savings Accounts: Open a Savings Account for a Baby or a ...

   www.nerdwallet.com › article › banking

   • Cached

   Dec 19, 2023 · 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...

   • Video Duration: 9 min

8. www.moneysense.ca › save › best-kids-bank-accountsWhat to look for in a kids’ bank account - MoneySense

   www.moneysense.ca › save › best-kids-bank-accounts

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   Dec 9, 2019 · “Many of the banks in this country have accounts for your kid’s first savings account—and they’ll have great features such as no monthly fees, and unlimited free transactions,” says...

9. www.koho.ca › learn › best-savings-accounts-for-kidsBest Savings Accounts For Kids - KOHO

   www.koho.ca › learn › best-savings-accounts-for-kids

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   Many banks offer youth savings accounts with no monthly fees, which is ideal for children's accounts since it ensures that their savings aren't eroded by charges. Always read the fine print to understand any potential fees or conditions that could affect the account balance.