Skip to contents
Only for the account
1 /6
This number indicates the product risk, where 1/6 represents the least risk and 6/6 the greatest risk.
Bankinter, S.A. is a member of the Deposit Guarantee Fund for Credit Institutions of Spain. The maximum amount currently guaranteed by this Fund is 100,000 euros per depositor per institution.
Each investment fund has its own risk flag, which may be higher.

Teach your children to save

How to teach children to save

If you have come this far it is because, at some point, you have asked yourself the same question, for yourself, for your own savings. When we talk about educating others, doubts multiply and no criterion is infallible. Take all of these tips to help you strengthen your own instincts.
  • Tips to educate through reason, minimising whims.
  • To understand money.
  • To apply them today and continue benefiting from them tomorrow.

Smaller but still just people.

Although it seems obvious, sometimes, as is quite normal and happens to us all, we forget that behind that size there are concerns and reasons, expressed in a different language, but very similar to those of adults. In the case of saving, there are three factors that must be repeated, which are for all ages:

Saving is a habit

It takes a bit of effort to get it up and running, but once they start, they will do it without realising it, like so many other things they will have learned

It is better to do it little by little

It is a little race. Approach it as a game or make a comparison with something they can understand, such as a sport. Spend some time reviewing, to “count the winnings”.

And always with a goal

Being motivated will make it easier for them to take up and understand the habit of saving. Start with something very small, but that they really feel excited about.

Do we want to teach how to save?

Let's start by making the value of money understood.

The value of effort

It is the pillar of education about saving. Being aware that money does not fall from the sky, that it does not just grow somehow in their grandfather or grandmother's pocket. Money is always the consequence of someone's effort, almost always, someone they love.

The goals

Just like us adults, children also need a goal, a reason for making the effort we ask of them. But, of course, the goal must also be proportionate to their small size, to their little heads.


It is important to make them think that their wishes, their “wants”, will have an effect on their small economy. Knowing how to choose, making them think about whether what they want today will also make them happy tomorrow.

Sharing their games and belongings

Sharing will get them to learn about responsible consumption. A way of being in society that will bring them economic savings, contribute to the planet and strengthen their values.

Thinking of the future

Although this concept is even more difficult to explain and internalise, we must try to make them understand the value of waiting. All children want to be older than they really are and this can be a good place to help them achieve it, to make them feel “more grown up”.

Money is not chewing gum

Make them see and understand that good management can make their money go further, but that it is not infinite. What they spend on one thing they cannot spend on another.

Better to give pocket money? Better not?

Another of the recurring questions parents ask ourselves. Another of the many questions about what will be better or worse for our children. We, at Bankinter, believe that having money and learning to count it, manage it, spend it, etc., is part of social education, a consequence of our effort, something essential in our lives, whatever they may be like.

  • The amount of pocket money is not important. What matters is constancy, regularity.
  • It is important for pocket money to depend on a responsibility, an effort, that it should be a reward for something.
  • It can be the prize for something as simple as brushing their teeth every night, picking up the plate from the table, or a set of obligations, of living and sharing with others, whatever you think will work, but always transmitting that their effort has its reward.

We teach them to save, but how do we teach them to spend?

Spending and purchasing are concepts which are as important as and the corresponding educational burden is as necessary as the concept of saving. Learning to spend will help them to maintain a healthy relationship with money, to reflect on what and how to invest what they have already learned is difficult to earn. Founding this concept in the daily actions of the family economy, such as the weekly shopping, will help them to continue learning.

  • Although we may erroneously think that it is a waste of time, take them shopping from time to time: to the supermarket, to the market, to the dry cleaner... We will get the money out of that abstract place you have and you can see it “in action”.
  • Ask them to find a common product, one of the ones you use regularly, which allows them to compare and discover the differences in prices. Think of something simple, like cookies or cereal.
  • Try to assign them, on a regular basis, the selection of that product that they will certainly find at various prices depending on the offers and brands. They will learn, almost playfully, to differentiate between price, benefits and quality.

Account Mini1: an account for young great savers

An account designed for the youngest ones, with products, tools, services, with a card, Bizum... All of this envisioned for their future, in order to contribute to that other education, which is also important: the financial education.

An account with no maintenance fee

An account without maintenance fees, without minimum income or direct deposit requirements.
Find out more about Mini

With the 5% Plan

Every month that a minimum of €50 is contributed to an investment fund2 from a Youth account or Mini account, a monthly bonus will be obtained: 5% per year (the first year) and 2% per year (the second year) of the investment fund balance accumulated, up to a maximum of €1,000. See conditions3. Investment funds are products which may result in a loss of capital.
Find out more about 5% Plan

Read-only passwords

So that they access their account with the Internet, but without being able to transact using it. A safe and real way to understand and become familiar with banking operations.
Question mark on memo paper on pink background. Solution concept; Shutterstock ID 1534644353; Purchase Order: -

FAQs with clear answers

Our FAQs section answers the questions you have trouble understanding about financial products: accounts, cards, savings and investment products...