Savings accounts are a great way to help your kids learn how to manage their money, but choosing the best kids bank account can be tough. We rounded up everything you need to know to compare the best kid's account options out there, whether you're looking for the best interest rates, lowest fees, easiest application process or the coolest perks. Lowest monthly fee Every single kid's bank account option we found is FREE. There are no monthly fees on any of these children's accounts, so your kids can save up without losing anything along the way. Best interest rate The Tangerine Children's Savings Account has the best interest rate, at 1.20%. To compare, CIBC Advantage for Youth has the next highest interest rate with only 0.15%. Parents must have a Tangerine Savings or Chequing Account to sign up for a children's account, but the bank offers great rates for adults too – like 1.10% on a Tangerine Savings Account. Highest age limit Children's bank accounts aren't made to … [Read more...] about The Best Kids Bank Accounts in Canada