Kids want things and need things, too. Why not give them their own savings account, so they can learn the value of money. Kids can start with just a $5 minimum and build it up until their 18th birthday. There's no service fee or separate membership fee, and the account comes with a gift bag and a prize. Kids will love it.
It's not just parents who can open the account. If you're a relative, such as an aunt, uncle, or grandparent, or even just a good friend who takes a keen interest in a child's success, you can also open one of these accounts for that child.
When a Youth Savings account is opened, the child becomes a member of Provident. Just fill out the Youth Savings Membership application with yourself (the adult) as the secondary owner. If the child is under 10, you'll will need to sign for both.