Best Banks for Families with Kids
Best National Banks Best Internet Banks Best Credit Unions Best Banks for High-Net-Worth Clients Best Banks for Retirees Best: Capital One www.capitalone.com Why it won: A dedicated checking account for teens and a suite of strong accounts for parents make Capital One a great choice for the whole family. Standout accounts: Parents and kids can manage the free MONEY Teen Checking account together. The no-fee 360 Performance Savings account recently yielded 0.7%. SEE MORE Fight Inflation with Series I Bonds Where it is: Accounts are internet-based. But for in-person services, Capital One has more than 300 branches in several eastern and southern states and Washington, D.C. Capital One’s MONEY Teen Checking account (0.1% yield) has no monthly fee or minimum-balance requirement and is available to children 8 years old and older with a parent or guardian as a joint holder. For those younger than 18, total debit card purchases and withdrawals are limited to $500 per day, and account holders can’t use the card at certain establishments, such as car-rental companies, bars and liquor stores. (Check-writing is not available.) Adults have a nice set of account choices from Capital One, too.
Best Banks for Families with Kids
Best National Banks Best Internet Banks Best Credit Unions Best Banks for High-Net-Worth Clients Best Banks for Retirees Best: Capital One www.capitalone.com Why it won: A dedicated checking account for teens and a suite of strong accounts for parents make Capital One a great choice for the whole family. Standout accounts: Parents and kids can manage the free MONEY Teen Checking account together. The no-fee 360 Performance Savings account recently yielded 0.7%. SEE MORE Fight Inflation with Series I Bonds Where it is: Accounts are internet-based. But for in-person services, Capital One has more than 300 branches in several eastern and southern states and Washington, D.C. Capital One’s MONEY Teen Checking account (0.1% yield) has no monthly fee or minimum-balance requirement and is available to children 8 years old and older with a parent or guardian as a joint holder. For those younger than 18, total debit card purchases and withdrawals are limited to $500 per day, and account holders can’t use the card at certain establishments, such as car-rental companies, bars and liquor stores. (Check-writing is not available.) Adults have a nice set of account choices from Capital One, too.