It’s never too early to start a savings account for your child. Whether they are 6 or 16, it is always a good idea. You can begin to save money for college or start a general saving account to teach them early. Starting early sets a great example of a good lifestyle habit that they will carry with them as they grow. If you place the savings in a credit union or bank, over time your money can grow with compound interest and turn your $60 into $600! No matter if you choose a piggy bank or a credit union to keep your child’s money safe, a child savings account is always a smart investment.