Savings accounts for children
Friday September 12, 2008
Banks provide better educational value for children learning about saving than piggy banks. While allowing a child to see their savings grow may seem effective, it really only teaches the value of accumulation. By opening high interest accounts and transaction accounts from banks for children, they can be taught about many more aspects of finance and saving.
Younger children may not benefit from this more complex approach, but children who are soon likely to take on jobs could take many valuable lessons from being shown how savings accounts can grow due to interest.
Please visit our comparison page to compare transaction accounts and browse our site to learn more about savings and high interest accounts from the banks.
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