Give Your Kids the Gift of Money Smarts This Holiday Season 🎁💖

Give Your Kids the Gift of Money Smarts This Holiday Season 🎁💖

Give Your Kids the Gift of Money Smarts This Holiday Season 🎁💖

As moms, we want to give our kids the best — not just toys that will be forgotten next week, but gifts that teach, grow, and last. This holiday season, why not give your child something truly valuable: the gift of saving and financial skills?

I’ve put together my top 5 kids’ savings accounts that are perfect for teaching kids about money while making saving fun, simple, and rewarding.

1. Spectra Credit Union – Brilliant Kids Savings

  • Why moms love it: Super high interest on small balances — your child can see their allowance actually grow!

  • Best for: Younger kids or teens who are just starting to save.

  • Notes: High APY applies to balances up to about $1,000. Membership may be required.

2. Alliant Credit Union – Kids Savings Account

  • Why moms love it: Easy to open with a small deposit, no monthly fees if you use e-statements.

  • Best for: Kids who are starting to accumulate birthday money or allowances.

  • Notes: Must meet credit union membership requirements; interest starts at $100 balance.

3. Capital One – Kids Savings Account

  • Why moms love it: Simple, no fees, and easy online access — perfect for busy moms.

  • Best for: Little ones who just need a safe place to save and learn.

  • Notes: Lower interest rate than credit unions, but very low maintenance.

4. USAlliance Financial – MyLife Savings for Kids

  • Why moms love it: Encourages kids to save regularly, comes with fun features like birthday gifts for the account holder.

  • Best for: Pre-teens saving modest amounts.

  • Notes: Interest modest compared to credit unions; balances capped for top APY.

5. First Tech Federal Credit Union – Start Up Savings

  • Why moms love it: Strong interest for small balances, perfect for teaching kids how savings grow.

  • Best for: Kids with a few hundred dollars to park and watch grow.

  • Notes: Credit union membership may be required; interest tiers apply.

Why Moms Should Care About Kids’ Savings Accounts

Saving accounts aren’t just about the money — they’re a tool to teach kids patience, responsibility, and smart money habits. Here’s why this is such a valuable gift:

  • Hands-on learning: Kids watch their money grow, reinforcing the value of saving.

  • Easy to manage: Many accounts have no fees and simple parent access.

  • Goal-setting: Kids can save for something special while learning budgeting skills.

  • Long-term impact: Early saving builds habits that last a lifetime.

Quick Tips for Moms

  • Set up automatic weekly deposits from allowance or birthday money.

  • Let your child track their growth — make it visual with charts or graphs.

  • Celebrate milestones — every $50 saved is a small win!

  • Choose accounts with low fees and simple rules — less stress for you.

Back to blog