The Regions Bank Savings for Minors account is available for children under the age of 18. The account has no monthly fee or minimum balance requirements and can be opened with just $5.

Anyone under 18 must have an adult as a co-owner ... the account or have other issues with the account. The best bank accounts for kids offer features and benefits that align with a parent ...

The top rate available on a youth savings account is a remarkable 10.38 ... The kiddie tax is applicable to children under the age of 18 or full-time students under the age of 24.

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When selecting the best bank account ... The account requires no minimum deposit to open and charges a $5 monthly fee that can be waived if: The account holder is under age 18.