Currently, the rates sit at 2 percent, 3 percent and 5 percent accordingly.

There are options to set spending limits and, better still, create chores for the kids to do.

These can be used in their default modes or customised to suit more unique scenarios.

Greenlight

Greenlight is an affordable service that comes with three different product options.

The great thing about all this is the way the graphically-driven software delivers the information.

This is a great way to do things and works in a simple but effective fashion.

Greenlight does also offer a credit card option for parents if they feel the need for more plastic.

Greenlight

Greenlight offers advice and guidance on every area of personal finances for kids and teens.

Help is apparently offered 24 hours a day, 7 days a week with some holiday hours variations.

Greenlight

Greenlight has games designed to generate the interest of kids in managing their own money.

Greenlight

Greenlight provides a helping hand for users via an excellent assistance portal.