Helping Kids Learn to Save

At Commercial Bank, we believe good money habits start early. Teaching children how to save not only gives them practical skills but also sets the foundation for future financial success. That is why we offer a savings accounts designed specifically for minors, giving young people a hands-on way to learn about managing money with the support of a parent or guardian.

Why Early Saving Habits Matter

When children begin saving at a young age, they develop valuable life skills like setting goals, making thoughtful choices, and understanding delayed gratification. A savings account gives them a sense of ownership and responsibility, even if the amounts are small.

Studies have shown that kids who have savings accounts are more likely to plan for the future, pursue education, and develop long-term financial discipline. Watching their balance grow over time teaches that even small deposits can lead to big results.

What a Commercial Bank Minor Savings Account Offers

Our minor savings accounts are built with families in mind. These accounts are easy to open, simple to manage, and created to grow alongside your child’s financial understanding.

There are no monthly maintenance fees. The minimum deposit to open an account is low, or none, making it accessible for most families. Interest is earned on every dollar saved, encouraging kids to keep building their balances. The account is jointly owned by the child and a parent or legal guardian, which ensures active guidance and oversight. Parents are able to the their minors account through their online banking.

How to Open an Account at Commercial Bank

Opening a minor account is a simple process. Visit your local Commercial Bank branch with your child and bring identification for both of you. Our team will assist you with the paperwork and explain how the account works.

As the parent or guardian, you will be able to monitor the account activity, transfer funds from your own Commercial Bank accounts, and help your child set achievable savings goals. We also offer helpful resources and ideas to make saving part of everyday learning.

Making Saving a Family Activity

When saving becomes part of regular family conversations, it feels natural to children. You can start by helping your child choose something they want to save for, such as a toy, a book, or a special experience. Encourage them to set aside part of their allowance or gift money each week.

Consider reviewing the account together on a regular basis. Use this time to celebrate progress, talk about money choices, and answer any questions they may have. Simple activities like comparing prices while shopping or creating a basic budget can also make financial topics more relatable.

Start Their Journey with Commercial Bank

Opening a savings account at Commercial Bank is more than just a place to keep money. It is a way to teach responsibility, independence, and the value of planning ahead. Our team is here to support your family with tools, guidance, and personalized service every step of the way.

Contact us or visit your nearest Commercial Bank branch open your child’s account today. Together, let’s help your child take the first step toward a financially confident future.