Which is the best bank for a kids account?

Best overall: Capital One Kids Savings Account — it’s the strongest default choice for a child’s first bank account because it has no monthly fee, no minimum balance, and a reported 2.50% APY on all balances.

If your child is older and you want spending practice with a debit card, look at Capital One MONEY Teen Checking instead; it’s aimed at ages 8–18 and has no monthly fee. If you already bank with Bank of America and want everything in one place, its family/student account options may be convenient, but compare fees, age rules, and interest before choosing.