Bank for kids

In order to use the bank you need to login.

The bank works as follows: the parent "borrows" from his child some money and agrees to pay a certain interest from the loan. The interest is set in terms of the yearly percentage (precisely 365 days), but it is calculated every day, whenever the kid enters his/her account. The kid can therefore see the benefits of saving money every day. Instead of giving it money directly the parent pays it depending on how much it has saved.

The Bank fulfills an educational role. It encourages the kid to refrain from the consumption in order to cover the costs of an investment. Thanks to the Bank the kid can see immediately the reason to save money. You can make clear the benefits of the investment by setting the percentage very high (like 1000% yearly).