FDIC logo

FDIC-Insured - Backed by the full faith and credit of the U.S. Government

4 Minutes

Key Differences of a Kids' Checking vs. Kids’ Savings Account

Introducing your child to a bank account is a valuable step toward teaching them money management and financial responsibility. This article explores the key differences between kids' checking and savings accounts, outlines age requirements, and highlights how parental oversight and educational tools can set children up for long-term success.

Pinned Articles

  • Financial Education | 5 Minutes

    Hard vs Soft Credit Check

  • Home Ownership | 6 Minutes

    Insider Tips on the Homebuying Process

    4 Minutes

    Key Differences of a Kids' Checking vs. Kids’ Savings Account

    Financial Education | 5 Minutes

    Hard vs Soft Credit Check

    Home Ownership | 6 Minutes

    Insider Tips on the Homebuying Process

    3 Minutes

    Beneficiaries vs. Joint Accounts

    Newsletters | 1 Minutes

    2025 Spring Customer Newsletter

    3 Minutes

    There is a Retirement Savings Epidemic in America. Here’s How to Take Control.

    Cybersecurity | 5 Minutes

    How You & Your Bank Can Prevent Identity Theft

    Financial Education | 5 Minutes

    Paying Off Holiday Debt and Starting Fresh Financially

    3 Minutes

    An Inside Look at Our 2024 Charitable Giving

    3 Minutes

    How to Enjoy a Stress-free Season by Using "Forgotten Money" for Holiday Shopping

    Students sitting outside on campus laughing

    Financial Education | 4 Minutes

    Two Ways to Set Your Children Up with a Financial Advantage in Life

    Newsletters | 2 Minutes

    2024 Fall Customer Newsletter

    3865

    Personal | 2 Minutes

    How to Open an Account Online

    Financial Education | 3 Minutes

    The "Vibecession" Might Be Over. Here's What it Means for Your Financial Resolutions.

    3769

    News & Updates | 2 Minutes

    MFS Named "Best Banks to Work For"

    Financial Education | 10 Minutes

    Credit 101

    2326

    Financial Education | 5 Minutes

    7 Ways College Students Can Save Money in NYC

    3681

    3 Minutes

    3 Things to Do Before Applying for a Mortgage

    2627

    Home Ownership | 5 Minutes

    Saving Money and Energy at Home

    3514

    Cybersecurity | 4 Minutes

    Avoiding Romance Scams

    3492

    Financial Education | 4 Minutes

    How to Beat the Odds and Stick to Your Financial Resolutions

    3457

    News & Updates | 2 Minutes

    MFS Becomes an Official Bank of St. John's Athletics

    2610

    Financial Education | 2 Minutes

    Teach Children to Save

    3223

    Cybersecurity | 2 Minutes

    Beware of Scams Targeting Gen Z

    2715

    Home Ownership | 1 Minutes

    Resources for First Time Homebuyers