Kidfund is a great new app designed to help kids save money. With Kidfund, parents can easily open a savings account for their child. I thought that this app would be great for any parent who is looking to help their child learn to save money.
The Kidfund app features an easy way to open a savings account for your child, and offers a 3% interest rate on the first $500. Other great features include: auto-recurring transfers, direct cash gifting from friends and family and more. One feature that I really love, there is an option to spread the wealth to accounts for kids in need, how cool is that?! Also, I wanted to mention that the app provides insurance for up to $250,000, and there is a connection to safe, secure banking and payment services. The app features bank level security, 256 bit encryption and is monitored 24/7.
I thought that Kidfund had a great concept. If you are looking for a way to start a free savings account for your child, be sure to check out Kidfund. This app is something I am definitely going to look into for my son.