Looking beyond your local bank can pay dividends for your child.

The top rate available on a youth savings account is a remarkable 10.38% APY, which is offered by Spectra Credit Union. In addition, five additional accounts offer youth rates of 5.00% to 7.00% APY.

When selecting the best bank account for kids, prioritize accounts with no monthly maintenance fees or minimum balance requirements. Choose accounts that offer parental controls and educational tools.

YouthSave also tracked youth saver demographics and savings outcomes, to understand which types of youth were able to access these accounts, and how they saved. In Ghana, an experimental evaluation ...

USAA offers three savings accounts: The minimum deposit for USAA Savings and Youth Savings is $25. The USAA Performance First account has a minimum opening deposit of $1,000. None of the savings ...

It also incorporates chores and allowance tracking for up to five kids, one of the most competitive youth savings account rates, and a financial literacy game. Upgrades to higher-cost plans can ...

The bank has locations in nine states, including New York. The Youth Savings Account from Suffolk Credit Union offers a remarkable 6.00% APY on balances up to $2,500. The account has just a $5 ...

It also has a savings account for kids, the USAA Youth Savings Account. Compare USAA's Savings Rates Current USAA Savings Rates All USAA interest-earning bank accounts compound interest monthly.

There’s also the USAA Youth Savings account for savers under the age of 18. There’s a $25 minimum deposit to open the account, and all balances earn 0.01% APY. Parents maintain control over ...