Free plans only

7 Best Free Savings Accounts for Kids of 2026

By the Rankozo research desk · Updated November 11, 2026

7 of the 9 tools in our best savings accounts for kids ranking offer a permanent free plan. Capital One Kids Savings Account scores highest among them at 9.2 out of 10.

1. 01

   Capital One Kids Savings Account

   parents and grandparents who want the highest rate with no fees

   No monthly fees and no minimum deposit

   Full entry, No. 1 overall

   Paid from

   Free

   Score 9.2

2. 02

   Step

   teens who want savings rewards and early credit history

   No monthly subscription fee and no account minimum

   Full entry, No. 2 overall

   Paid from

   Free

   Score 8.8

3. 03

   PNC S is for Savings

   parents of young children who want a branch and a teaching tool

   $0 for account holders under 25; otherwise $5 a month unless waived

   Full entry, No. 3 overall

   Paid from

   Free

   Score 8.3

4. 04

   Navy Federal Basic Savings (minor membership)

   military and veteran families, including grandparents

   No monthly service fee; included with membership

   Full entry, No. 4 overall

   Paid from

   Free

   Score 8.2

5. 05

   U.S. Bank Smartly Savings

   teens 13 to 17 who want an account in their own name

   $0 for accounts with a minor under 18; otherwise $5 a month unless waived

   Full entry, No. 5 overall

   Paid from

   Free

   Score 8.1

6. 06

   Wells Fargo Way2Save Savings

   Wells Fargo families who want a branch account for a child

   $0 when the primary owner is 24 or under; otherwise $5 a month unless waived

   Full entry, No. 7 overall

   Paid from

   Free

   Score 8.0

7. 07

   Chase Savings

   families who already bank at Chase

   $0 for account owners under 25; otherwise $5 a month unless waived

   Full entry, No. 8 overall

   Paid from

   Free

   Score 7.7

Scores and prices come from our Best Savings Accounts for Kids ranking, which uses one method for every tool. Questions or corrections: editorial@rankozo.com