Your child just received some birthday money, and their eyes are sparkling with possibilities! Maybe they’re dreaming of that cool new toy, a delicious treat, or perhaps even thinking ahead to saving for something truly special. But before that cash disappears into the black hole of…well, everywhere, it’s time to get organized. Finding the perfect place for them to keep their earnings safe and start learning about saving is a key first step. We’re here to help you navigate the world of children’s savings and find the very best kids money banks to match their personality and your family’s needs.
So, where do you even begin when selecting the ideal piggy palace? With so many adorable and functional options available, choosing the right one can feel overwhelming. That’s why we’ve created this handy guide to help you discover the top contenders. We’ve carefully reviewed a variety of designs, from classic ceramic pigs to tech-savvy digital banks, considering durability, educational features, and overall appeal. Let’s dive in and explore the best kids money banks to foster good financial habits from an early age!
We will review the best kids money banks later in this article. But before that, take a look at some relevant products on Amazon:
Last update on 2026-01-23 / Affiliate links / #CommissionsEarned / Images from Amazon Product Advertising API
Why Every Little Piggy Needs a Bank: A Friendly Intro to Saving
Remember that first shiny coin you ever earned? Maybe it was for pulling weeds in the garden, or acing a spelling test. Where did it go? For many of us, it probably ended up jingling in a grown-up’s pocket, destined for some mysterious “savings account.” But what if you had a special place, a treasure chest just for your own hard-earned cash? That’s where the magic of a money bank comes in! It’s more than just a container; it’s a tangible representation of saving and a first step towards financial literacy.
Think of a money bank as a personal piggy bank academy! It’s a place where kids can visibly watch their savings grow, fostering a sense of accomplishment and understanding of the value of money. Studies show that children who start saving early develop better financial habits later in life. A T. Rowe Price survey found that kids who receive allowances are more likely to understand the concept of saving.
Finding the right bank for your child is key to sparking that initial interest. Are you looking for a traditional piggy bank, a digital counting bank that turns saving into a game, or something more creative and personalized? There are countless options available, designed to appeal to all ages and learning styles. Our guide will walk you through some of the best kids money banks on the market.
So, whether you’re looking for a bank to kickstart your toddler’s saving journey or help your tween manage their allowance, we’ve got you covered. Get ready to explore the wonderful world of children’s savings and discover the perfect place for your little one to stash their cash and cultivate a lifelong habit of saving. Let’s dive in and find the perfect treasure chest to nurture those future financial wizards!
The Best Kids Money Banks
Learning Resources Teaching Cash Register
This isn’t just a bank; it’s a whole learning experience disguised as a toy! The Learning Resources Teaching Cash Register is perfect for kids who are starting to grasp the concept of money. It comes with realistic-looking bills and coins, and the built-in scanner and scale add to the pretend play. It even teaches basic math skills like addition and subtraction as they ring up purchases and make change. Forget passive savings, this toy actively engages them!
Parents rave about how much their kids love playing with this cash register. Not only is it entertaining, but it also helps them develop essential life skills. The durable construction means it can withstand even the most enthusiastic play sessions, and the interactive features keep kids engaged for hours. If you’re looking for a fun and educational way to introduce your child to the world of money, this is a fantastic option.
Hog Wild Coin Muncher Bank
Want to make saving money fun and a little bit quirky? The Hog Wild Coin Muncher Bank is your answer! This adorable little monster “eats” coins as you feed them into his mouth. The sound effects and animated movements make saving an interactive and entertaining experience for kids. It’s a great way to encourage them to put away their spare change and watch their savings grow in a fun, visual way.
What makes this bank so appealing is its playful design and engaging action. It’s more than just a place to store coins; it’s a delightful toy that makes saving feel like a game. Kids will be excited to feed the Coin Muncher and watch him gobble up their money. It’s a surefire way to get them excited about saving!
BANZAI My First Savings Goal Piggy Bank
This piggy bank is not just a place to store money, but a tool for kids to learn about goal setting. The Banzai My First Savings Goal Piggy Bank features a clear window that allows kids to see their progress toward their savings goal. With customizable goal cards, children can visualize what they’re saving for, whether it’s a new toy or a special experience. It teaches them the importance of planning and delayed gratification.
The beauty of this piggy bank is its emphasis on goal-oriented saving. It encourages children to think about what they want to achieve and how they can reach their objectives through saving. The clear window and goal cards provide visual motivation, making the saving process more engaging and rewarding. It’s a simple yet effective way to instill valuable financial habits early on.
VTech KidiBeats Drum Set
Who knew a drum set could also be a piggy bank? The VTech KidiBeats Drum Set offers a fun and musical way for kids to save money. It features three drum pads and a cymbal that produce different sounds and melodies. It also includes learning games and songs that teach numbers, letters, and music. The coin slot is cleverly integrated into the design, making saving a part of the musical fun.
This drum set is a great way to combine entertainment and education. Kids can rock out while learning valuable skills and saving money. The durable construction and engaging features make it a great gift for young children who love music and learning. It’s a creative way to encourage saving while fostering a love for music.
AmScope MS50 Piggy Bank Microscope
Looking for a unique and educational piggy bank? The AmScope MS50 Piggy Bank Microscope combines saving with scientific exploration. This real working microscope features a built-in coin slot, allowing kids to save money while they learn about the microscopic world. It comes with prepared slides and blank slides for kids to create their own experiments, encouraging curiosity and scientific discovery.
This piggy bank is a perfect gift for budding scientists. It combines the practical skill of saving money with the excitement of scientific exploration. Kids will be thrilled to save their coins in a microscope and use them to fund their scientific adventures. It’s a fun and educational way to foster a love for science and responsible saving habits.
Why People Need to Buy Kids Money Banks
Imagine the scenario: Your child receives a birthday gift of crisp, new dollar bills. They’re ecstatic! But where does that money go? Tucked haphazardly into a drawer? Lost in the depths of a backpack? A kids’ money bank provides a safe and designated home for those precious pennies, nickels, dimes, and dollars. It teaches children the fundamental concept of saving and delayed gratification, setting them on a path towards financial literacy from a young age. It’s more than just a container; it’s a first step towards responsible money management.
Think about the potential. With a fun and engaging money bank, children can actively participate in saving for something they truly desire. Whether it’s a coveted toy, a new book, or even contributing towards a family vacation, a money bank empowers them to visualize their progress and take ownership of their savings goals. The best kids’ money banks often have visual tracking features, like marked increments or clear compartments, to help them see their savings grow, fueling their motivation and fostering a sense of accomplishment.
Beyond the tangible benefits, a money bank also instills important life lessons. Children learn the value of money, the power of patience, and the satisfaction of achieving a goal through consistent effort. They begin to understand that things aren’t simply handed to them, but rather acquired through saving and planning. This early introduction to financial responsibility helps shape their attitudes towards money and sets the stage for sound financial decision-making in the future.
Investing in a quality “best kids money bank” isn’t just buying a piggy bank; it’s investing in your child’s future. It’s providing them with a tool that encourages them to save, learn, and grow into financially responsible individuals. It’s about creating a positive and engaging experience around money, making the concept of saving fun and rewarding. And who knows, maybe someday they’ll thank you for helping them develop the skills needed to achieve their own financial dreams!
Creative Ways to Encourage Saving with a Money Bank
Okay, so you’ve got a super cool money bank, but how do you actually get your kids excited about using it? It’s not always easy! One trick is to make saving a game. Create a chart where they can track their progress towards a specific goal, like that new video game or a special toy. Every time they deposit money, let them color in a box or add a sticker. Visual reminders can work wonders, especially for younger children.
Another approach is to tie savings to real-world scenarios. If your child wants a specific item, help them figure out how much it costs and how long it will take to save. Let them earn extra money by completing small chores around the house, then deposit it into their money bank. This helps them understand the value of money and the direct connection between saving and achieving their desires.
Don’t forget about the power of role-playing! Pretend to be a banker and have your child make “deposits” and “withdrawals” (with your supervision, of course!). You can even calculate pretend interest to show them how savings grow over time. It sounds silly, but it makes learning about finance fun and engaging.
Finally, be a role model yourself. Let your kids see you saving money for something important, like a family vacation or a new appliance. Talk to them about your savings goals and explain why you’re making certain choices. Children often mimic the behaviors they see in their parents, so leading by example is incredibly effective.
Beyond the Piggy Bank: Exploring Different Types of Money Banks
Piggy banks are classic, but the world of kids’ money banks has evolved! You’re not limited to just ceramic pigs anymore. Think about the different ways your child learns and interacts with the world. If they love technology, consider a digital money bank that tracks savings and even sets goals on a screen. These often come with added security features, too!
For the more hands-on kid, a clear jar or a bank with separate compartments for saving, spending, and donating can be really effective. This helps them visualize their money and understand different aspects of money management. It’s a great way to introduce the concept of budgeting at an early age. Imagine your child actively deciding where their allowance goes – responsible decision-making in action!
If your child is artistic, a DIY money bank project might be the perfect fit. Decorate a plain box, jar, or even a recycled container. This allows them to express their creativity while also learning about saving. Plus, they’ll be more likely to use something they created themselves!
Consider the security aspect. For older kids who might be saving larger amounts of money, a lockable money bank or even a small safe might be a good option. This can teach them about security and responsibility when handling money, especially if they’re starting to earn their own income.
Age-Appropriate Money Banks: Matching the Bank to Your Child’s Development
A money bank that works great for a 5-year-old might not be the best choice for a 10-year-old, and vice versa. For preschoolers, focus on simple, durable banks that are easy to use and visually appealing. Think bright colors, fun shapes, and large slots for coins and bills. Avoid anything too complicated or fragile. A simple piggy bank that’s easy to shake coins into is perfect for this age.
As kids enter elementary school, they can start to understand more complex concepts, like saving for specific goals. This is a good time to introduce banks with compartments or digital banks with goal-setting features. They’re also developing their fine motor skills, so banks that require a little more dexterity are appropriate. Imagine your child diligently saving for that Lego set, carefully counting their coins and tracking their progress!
For tweens and teens, security and functionality become more important. They might be saving for larger purchases or even starting to earn their own money. A lockable bank or a digital bank with advanced features, like tracking spending and setting budgets, can be beneficial. Also consider that this is the age that you can open them up to proper bank accounts.
Don’t be afraid to involve your child in the selection process. Let them choose a money bank that appeals to their interests and aligns with their saving goals. If they feel ownership over their bank, they’ll be more motivated to use it. Think of it as an opportunity to teach them about making informed financial decisions, even at a young age.
Addressing Common Challenges with Kids and Money Banks
Sometimes, even with the best money bank and intentions, kids struggle to save. One common challenge is impulsive spending. To address this, help your child differentiate between “wants” and “needs.” Before they make a purchase, encourage them to consider if it’s something they truly need or just something they want in the moment. Have them wait at least one day before buying a want item and see if they still want it the next day.
Another issue is a lack of motivation. Kids may not see the point in saving if they don’t have a clear goal in mind. Help them set specific, measurable, achievable, relevant, and time-bound (SMART) goals. For example, instead of saying “I want to save money,” they could say “I want to save $50 for a new bike in two months.”
Sometimes, kids get discouraged if they don’t see their savings growing quickly enough. To combat this, consider offering a small “interest” payment on their savings every month or quarter. This reinforces the idea that saving pays off and can motivate them to continue saving. This can be done by giving them a small percentage of their current saved amount every so often.
Finally, remember that teaching kids about money management is an ongoing process. Be patient, supportive, and willing to adjust your approach as they grow and develop. Celebrate their successes, and use setbacks as learning opportunities. It’s not about perfection, but about building good financial habits over time.
The Ultimate Buying Guide to the Best Kids Money Banks
Hey there, savvy shopper! Ready to teach your little one the magic of saving? Finding the perfect money bank is a great first step. But with so many options out there, from piggy banks to high-tech digital savers, choosing the right one can feel overwhelming. Don’t worry, I’m here to help! This guide will walk you through the essential factors to consider, ensuring you find one of the best kids money banks to encourage your child’s financial literacy. Let’s dive in!
Durability: Will it Survive the Kid Test?
Let’s face it, kids aren’t always the gentlest. A money bank that shatters after a single drop isn’t going to cut it. Think about the materials used. Plastic is a common choice because it’s lightweight and often inexpensive, but make sure it’s a sturdy, thick plastic. Ceramic and porcelain banks can be adorable, but they’re definitely more prone to breakage. Metal banks are generally the most durable, but be mindful of any sharp edges or potential for rust. Consider where the bank will live. If it’s on a high shelf, a lighter material might be better to prevent a heavy object from falling.
Beyond the material, look at the overall construction. Are the seams well-sealed? Does the coin slot feel reinforced? If it’s a more complex bank with moving parts or electronic components, read reviews carefully to see how well it holds up to regular use. A flimsy money bank will only lead to frustration (for both you and your child) and discourage saving. You want a bank that can withstand the occasional tumble and still keep those precious pennies safe and sound!
Age Appropriateness: Is it Engaging for Their Development?
A money bank that’s designed for a teenager won’t hold the attention of a toddler, and vice versa. For younger children, bright colors, simple designs, and easy-to-use coin slots are key. Think about banks shaped like their favorite animals or characters. The goal is to make saving fun and accessible. For older kids, you might consider a bank with more advanced features, such as a digital coin counter or a combination lock. This can help them develop a stronger understanding of money management and security.
Consider your child’s fine motor skills. A very narrow coin slot might be frustrating for a younger child still developing dexterity. Older children might appreciate a bank that requires a bit more problem-solving, like one that needs to be unlocked through a series of steps or puzzles. Tailoring the bank to their developmental stage is crucial for keeping them engaged and motivated to save. The best kids money banks will grow with them!
Educational Value: Does it Teach Good Habits?
While the primary function of a money bank is to store coins and bills, it can also be a valuable tool for teaching financial literacy. Look for banks that encourage counting, sorting, and setting savings goals. Some banks have separate compartments for saving, spending, and donating, which can introduce the concept of budgeting at an early age. Digital banks might track savings progress and provide visual representations of growth, making it easier for kids to understand the power of compound interest (even in a simplified way!).
Think about how you can use the money bank as a teaching opportunity. You can talk about the value of different coins, set weekly savings goals together, and discuss what they’re saving for. Even a simple piggy bank can be a springboard for conversations about wants versus needs, delayed gratification, and the importance of giving back. The best kids money banks are not just containers for money; they’re tools for building a foundation of financial understanding.
Size and Capacity: How Much Can it Hold?
The size and capacity of the money bank are practical considerations. A tiny bank might fill up too quickly, leading to frequent emptying and potentially discouraging your child. A giant bank, on the other hand, might be too bulky and take up too much space. Think about how often you plan to empty the bank and how much your child typically saves. If they receive a lot of coins, a larger capacity bank is definitely preferable.
Consider the type of money your child will be saving. If they mostly save coins, a bank designed specifically for coins will be more efficient. If they also save bills, make sure the bank has enough space to accommodate them without overcrowding. Some banks have separate compartments for coins and bills, which can help keep things organized. Ultimately, the ideal size and capacity will depend on your child’s saving habits and your preferences. Finding the best kids money banks also depends on how practical they are.
Design and Aesthetics: Does it Spark Joy?
Let’s be honest, kids are drawn to things that are visually appealing. A boring, plain money bank is unlikely to capture their attention or inspire them to save. Look for a bank with a design that reflects their interests and personality. Does your child love animals? A bank shaped like a friendly creature might be a hit. Are they fascinated by space? A rocket ship bank could be the perfect choice.
The color and style of the bank can also play a role. Bright colors and playful designs are generally more appealing to younger children, while older kids might prefer something more sophisticated or personalized. Consider letting your child choose the bank themselves, as this will increase their sense of ownership and encourage them to use it. After all, a money bank that sparks joy is more likely to be used and appreciated! When thinking about the best kids money banks, aesthetics are important.
Security Features: How Safe is Their Savings?
While a money bank is primarily intended for small amounts of savings, it’s still important to consider its security features. For younger children, a simple plug or twist-off lid is usually sufficient. However, older children might benefit from a bank with a lock and key or a combination lock. This can teach them about the importance of protecting their belongings and keeping their savings safe.
Consider the material of the bank. A plastic bank can be easily broken into, while a metal bank is more secure. However, even a metal bank can be vulnerable if it has a flimsy locking mechanism. Look for banks with sturdy locks and durable construction. If you’re concerned about theft, you might consider keeping the bank in a safe place, such as a closet or drawer. Choosing one of the best kids money banks includes thinking about safety.
Budget: How Much are You Willing to Spend?
Money banks range in price from a few dollars to over a hundred dollars. The price will depend on the material, size, features, and brand. It’s important to set a budget before you start shopping so you don’t overspend. Keep in mind that a more expensive bank isn’t necessarily better. A simple, well-made piggy bank can be just as effective as a high-tech digital bank.
Consider the long-term value of the money bank. A durable bank that lasts for years is a better investment than a cheap bank that breaks easily. Also, think about the educational value of the bank. A bank that teaches good saving habits can be worth the extra money. Ultimately, the best kids money banks are those that fit your budget and meet your child’s needs. You can find excellent options at various price points!
FAQs
What kind of money bank is best for my child’s age?
That’s a great question! For younger children (toddlers to early elementary), a clear, unbreakable piggy bank is often ideal. They can see their savings grow, which is really motivating! Simple designs, easy-to-open access, and fun colors are also a plus at this stage. We want them excited about saving, not frustrated by complicated features.
As kids get older (late elementary and beyond), they might be interested in something a bit more sophisticated. Maybe a digital money bank that counts coins, or a lockable bank to keep their savings extra safe. The important thing is to match the bank’s features to their understanding of money and their growing sense of responsibility. Think about their interests too; a themed bank can make saving even more appealing.
Are digital money banks worth the extra cost?
Digital money banks can be a fantastic tool, especially for older kids who are starting to understand larger amounts of money and maybe even saving for specific goals. The ability to track how much money is inside, even if it’s not all visible, can really help to motivate them. Also, many models offer simple calculations of how long it might take to reach a particular savings goal.
However, they aren’t necessarily a must-have. For some children, the simple act of physically dropping coins into a clear piggy bank is enough to spark their interest in saving. Consider your child’s personality and learning style. If they are already digitally savvy and enjoy using gadgets, a digital bank could be a great fit. But if they prefer hands-on learning, a traditional bank might be just as effective, and much more budget-friendly!
How can I make saving fun for my child?
Making saving fun is key to instilling good habits early on! One approach is to turn saving into a game. Set up a chart with small rewards for reaching certain savings milestones. This can be as simple as stickers for younger children, or a small treat for older kids. The important thing is to make it engaging and positive.
Another idea is to link savings to a specific goal that your child is excited about. Maybe they’re saving up for a new toy, a special experience, or even donating to their favorite charity. Having a clear goal in mind can make saving feel less like a chore and more like a step towards achieving something they really want. You can also decorate their money bank together to personalize it and make it their own.
What if my child loses the key to their lockable money bank?
Oh no, that’s a common worry! The first thing to do is a thorough search! Check under beds, in drawers, and anywhere your child might have stashed it away. Sometimes, a fresh pair of eyes can spot it.
If the key is truly lost, don’t panic! Many lockable banks can be opened without the key, though it might require a bit of ingenuity. Look for a small hole near the lock, some locks can be opened with a simple paperclip or a small screwdriver. If all else fails, you could consider carefully breaking the lock, but be sure to supervise your child if you need to use any tools, and perhaps replace the bank afterward.
Are plastic money banks safe for young children?
Safety is always a priority, especially with young children! Plastic money banks can be perfectly safe, but it’s essential to choose a bank made from non-toxic, BPA-free plastic. Look for certifications or labels that indicate the plastic meets safety standards.
Also, make sure the plastic is durable and doesn’t have any small parts that could break off and pose a choking hazard. Inspect the bank regularly for any signs of wear and tear. If you’re concerned about plastic, you might consider a ceramic or metal bank instead. Just be mindful that these can be breakable, so they may be better suited for older children.
How do I encourage my child to actually use their money bank?
That’s the million-dollar question! One great way is to lead by example. Let your child see you saving money, even if it’s just small amounts. Talk about your savings goals and explain why you’re saving. This helps them understand the value of saving and see it as a normal part of life.
Another effective strategy is to give them opportunities to earn money. Chores around the house are a classic option. You could also offer them a small allowance for completing tasks or achieving goals. When they have their own money to save, they’re much more likely to be motivated to use their money bank. Just be sure to let them make some of their own spending decisions too; this helps them learn about budgeting and the consequences of spending.
My child wants to use their savings right away. How do I handle that?
It’s totally normal for kids to want to spend their savings! The key is to strike a balance between encouraging them to save and allowing them to enjoy the fruits of their labor. One approach is to help them set a savings goal, like a specific toy or experience.
Once they’ve reached that goal, let them spend the money! This teaches them the importance of saving for something they really want. You can also suggest a “spend/save” rule. For example, for every dollar they earn, they have to save 50 cents and can spend the other 50 cents. This helps them learn to manage their money wisely while still enjoying the occasional treat. The important thing is to have open conversations about money and help them understand the value of both saving and spending.
Conclusion
Choosing the best kids money banks might seem like a small step, but it’s truly the beginning of a fantastic journey! You’re not just buying a container for spare change; you’re planting seeds of financial literacy and independence in your child. Think of all the exciting goals your little one can achieve – that coveted toy, a special family outing, or even contributing to a cause they care about. With the right money bank, saving becomes a game, a challenge, and a pathway to making their dreams a reality.
Now armed with all this knowledge, you’re perfectly equipped to make a choice that sparks joy and encourages healthy saving habits. Trust your instincts, consider your child’s personality and interests, and get ready to witness the power of saving! The possibilities are endless, and the future you’re building for your child starts right here, right now, with their very own special place to stash their treasures.