Just spent way too much time researching saving accounts for children because my nephew's turning 10 and honestly, the options now are wild compared to when I was a kid. Like, there's cards that actually help build credit history? Step Banking does this thing where it reports to credit bureaus when they turn 18. That's actually genius.

The whole point of a saving account for children these days isn't just storing money anymore. Most of these apps have parental controls, round-up features where spare change auto-saves, and some even let teens buy crypto or invest in stocks. Greenlight's doing 5% rewards on savings if you pay for the premium plan, which beats regular savings rates easily.

What surprised me most is how many credit unions are competitive now. BECU's offering 6.17% APY on the first $500 for kids - that's insane. And the no-fee thing is standard across most platforms now, which is good because fees would just kill the whole point of teaching kids to save.

If you're looking to set up a saving account for children, honestly check what your own bank offers first. Chase and Capital One have solid options if you're already with them. But if you want something more feature-rich with better rates, the fintech apps like Greenlight or Current are probably worth it. The learning materials they include are actually decent too - not just boring stuff.

Anyone else doing this? What app are you using for your kids?