When the child turns 18, they can open a new savings account in their name and transfer ... to pay a fee to have their bank ...

We assessed 73 savings accounts from 53 financial institutions to develop our ranking of the best high-yield savings accounts for kids and ... t be keeping much money in the bank.

When kids receive money for a birthday or doing chores, they may enjoy visiting a branch to hand the money to the teller and receive a paper deposit receipt. 3. Find a bank that promotes financial ...