Editorial Note: We earn a commission from partner links on ... develop our ranking of the best high-yield savings accounts for kids and teens, focusing on various data points such as fees, ATM ...

These options for transferring money to kids through digital accounts may be just the thing you never knew you were missing.

Finances can be a taboo topic in some households, but it’s important for kids to see and hear these discussions to help them make smart money decisions when they get older.

If you have more than one child, you could turn money-making into a contest. “That always brings out the competitive nature of the kids. Whichever child saves the most gets the biggest special ...