A bit of a research task for the older kids today. Get them hunting for the best savings account to put their money in. Or yours, if you feel like it. Whether you’ve already got a savings account or not, it almost always pays off to shop around. And the process of looking around can teach kids a lot about what’s important when considering bank accounts.
The activity: Spot the best savings account
Task your kids with finding the best savings account for their money.
Suggest they search online, check comparison tables of children’s savings accounts, and find an account paying the highest interest. Spot any pesky small print – do they have to pay in a regular amount each month? How many times can they take money out? If they don’t already have a savings account, you can incentivise them to find a suitable account by promising some cash to open it.
Don’t forget: Prizes for sharing
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