Take their first step together.

Discover a kids savings account that’s all fun, no fees.

What’s a Kids Savings Account?

The online and mobile savings account that puts them first.

A kid-friendly account with grown-up features.

So they can save just like you.

A rate that makes the grade.

Move their savings to the top of the class.

Account Balance Annual Percentage Yield (APY)
All balances

APYs are variable and effective as of .

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“I love that I can provide my kids some financial freedom. I can watch how careful they are with their school-related expenses and catch anything that falls through the cracks.”

Tommy Y., Jersey City, NJ

A highly-rated education.

Teach your kids how to make their allowance go further with high savings rates. Show them how their pennies add up (with interest) and watch their savings grow faster than in the piggy bank.

A safe way to learn.

Save confidently knowing your child’s funds are always secured. All Kids Savings Account deposits are FDIC-insured up to the allowable limits. And while they practice the banking basics, you’ll be able to stay connected through a joint account.

A top-rated app, with parental controls.

Kids Savings Account: 101

Unlock everything you need to know to open a Kids Savings Account today. For answers, just click the arrow next to each question below.

What access do kids have to their savings account?

Children’s savings accounts offer dual access so you can learn to save together. Kids can sign in and check their balance online 24/7, but transferring money requires a little help from the adult on the account. You’ll have to sign in using your username and password in order to actually move money in or out of their savings.

What access do adults have to the Kids Savings Account?

In addition to everything a kid can do, you can sign in to a children’s savings account with your own username and password to transfer money, set up an Automatic Savings Plan, and manage account details.

How do kids make a deposit?

Just like you. Kids can make mobile deposits by uploading a picture of a check from their phone or computer, or put a check in an envelope and mail it in directly. They can also use the Transfers & Deposits tab on their account to transfer cash from a linked account. If you’d like to show them how to make a deposit or wire money in person, stop by a Capital One branch or ATM near you.

How do I make transfers?

Same as the above. You can transfer funds into children’s savings accounts from a linked checking account (either Capital One or another bank) using the Transfers & Deposits tab.

Can the Kids Savings Account link to other accounts?

You can open a savings account for kids in your name alone or in your name and your kid’s name. Then, just link your Kids Savings Account to your existing Capital One account or personal checking account at any U.S. bank. That's also the way you make deposits to and withdrawals from your account with us.

How many withdrawals are allowed per month?

Each Kids Savings Account has a limit of 6 withdrawals per calendar month. Withdrawals also include internal transfers.

What is the difference between a joint Kids Savings Account and a trust?

A children’s saving account can only be opened as a joint account with an adult. That way, kids can learn to manage their money while you keep a watchful eye. A trust keeps money safe on the behalf of the person who set up the trust, typically without allowing them to access the money until a specific amount of time.

Can I open a Kids Savings Account at a Capital One® location?

Life doesn’t just happen within business hours. That’s why Kids Savings accounts are available both online and in person at Capital One locations–so that you can bank on your schedule. Visit your nearby Capital One location to open your Kids Savings Account and get started with awesome free digital tools (and a top-rated mobile app) to help them manage their money, anytime, almost anywhere.

Can I add beneficiaries to a Kids Savings Account account?

Yes. You can assign up to 10 individuals as Payable on Death beneficiaries, which means that while you’re alive, the beneficiaries won’t have access to anything in the account. The only exception is that you cannot assign beneficiaries for a Trust account, where the trustee controls funds for another party. Assigning beneficiaries can give you peace of mind and can result in increased FDIC coverage for your accounts up to allowable limits. There are 2 ways that you can manage beneficiaries for you accounts.

What happens to the Kids Savings Account when the child turns 18?

When a child turns 18, their Kids Savings Account is automatically turned into a 360 Savings account, subject to the 360 Savings terms and conditions.

To minimize health risks from coronavirus (COVID-19), we are temporarily closing select branches and all Capital One Cafés. Customers will be able to access ATMs at any branch that is currently open. ATMs in external vestibules will continue to be accessible 24/7 as usual, even if the branch or Café is closed. You can also access our ATMs at select Target locations. Please use this search to check the status of locations near you.

See what other Capital One customers are saying.

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The rate of our Kids Savings Account is great or high interest based on Informa Research services national top-25 percentile data for savings accounts on balances of $1.

Web access is needed to use mobile banking. Check with your service provider for details on specific fees and charges. Routine or unscheduled maintenance may impact accessibility. Mobile Deposits are available only in the U.S. and U.S. territories.

For certain banking products we offer, fees assessed at any ATM within the United States and at some ATMs located outside the United States will be reimbursed within 5 business days, up to $15 per statement period.

Questions? Get real answers, from real people.

Phone, social media, Morse code (okay maybe not Morse code). Talk to a Capital One associate today–no SOS required.

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