Helping your teen get a grip on money is one of the best things you can do for their future. Instead of just giving them cash ...

The best savings accounts for teenagers offer some common features: High APY: The annual percentage yield (APY) of an account ...

Taxes on a child or teens savings account depends on how much interest is generated. If your kid’s account generates more than $2,300 a year, it may be taxable.

Handing your teenager a credit card can build financial muscle, but a single missed payment can tank their score for years.

Educational, rewarding and child-friendly: These are the 5 best savings accounts for kids and teens CNBC Select's top picks help parents teach their children about the value of a dollar early on.

To determine the best savings accounts for kids and teens, we carefully evaluated a wide range of factors, including interest rates, fees, minimum deposit and balance requirements, and product mix.

Also worth noting: Alliant’s adult offering, the High-Rate Savings account, is our top choice for a credit union savings account thanks to its identical 3.10% payout and lack of fees. Best for teens ...

Today's best savings accounts are paying record rates, and the highest rates of all are offered to kids and teens. See how they can earn up to 10% on their cash in the bank.

The best teen checking account for you will have no monthly maintenance fee, offer ATM access where your teen needs it, and give you tools to supervise and manage the account. Here’s our take on ...

Best Kids and Teen Savings Account Rates for March 2025 . Spectra Credit Union – 10.38% APY on first $1,000; Chevron Federal Credit Union – 7.00% APY on first $1,000; BECU – 5.38% APY on ...

The best savings accounts for teens are from SoFi Bank, Discover Bank, Capital One and Bethpage Federal Credit Union, which all offer above-average rates. Last Updated: May 22, 2025.