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Kids online bank accounts that make saving fun

Smart-MoneyTurning saving money into a game could be just what it takes to get kids excited about the prospect of managing their money. Even though they may be motivated to save money for that shiny new toy they have their eye on, learning to save without a specific purpose is a good habit to have through adulthood. Several banks make saving fun with games and prizes for achieving certain goals. Here are a few kids online bank accounts that caught our eye:

Wells Fargo

Wells Fargo runs a Junior Agent Saver Club program that teaches kids how to take charge of their money by putting together their own savings plan. The site features several money games for kids, including a fun money maze and Sudoku savings with different levels. Kids can set and track savings goals online and parents don’t have to pay a penny to open up the additional savings account.

PNC Bank

PNC’s ’S’ is For Savings account offers a complete online experience with a cameo from Sesame Street characters. Kids learn some basic money concepts along with how to save, share, and spend money. These accounts earn interest on balances starting at $1.00. The automation tool allows kids to set up a recurring savings deposit so that they can reach their goals that much faster. It’s a fun and efficient way to get kids involved with money management — especially with Cookie Monster in the picture.

CapitalOne 360

Get kids excited about reaching their savings goals by using the CapitalOne 360 My Savings Goals tools. Kids get a chance to learn how to automate their savings and can set up different accounts for different purposes. Use the My Savings Goals tool to set specific goals and celebrate along the way.

U.S. Bank

Get kids enrolled in the Star Savers Club Account so they can get a head start on learning money management skills before opening a Standard Savings account. The account automatically converts to the standard account when your child turns 18. You can open the account with just $25. While the bank doesn’t offer money games or activities, it does make it easy for older kids to transition into adulthood with a ‘real’ account.

Another fun idea: ThreeJars.com. This site works like an online bank but instead of cash, parents can pay an allowance as an IOU that represents real money. Kids have to ask permission before they can shop with the ‘money’ they’ve earned and saving money in the virtual jars can help kids stay motivated to build up their savings account.

Have you set up an online bank account for your kids? Share in the comments below!

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