Teaching your kids about money
Understanding how money works is an essential skill in life. Helping your kids develop positive habits around money can help set them up for success.
Fortunately, you don’t need to be a financial guru to teach your children about money. By getting them involved in budgeting and purchases, you can lay the foundation of financial literacy that can be built upon as they get older.
Kids also have the unique challenge of growing up in a society where most transactions are digital, so teaching them to be safe online is more important than ever.
Products to get your kids started
NAB Classic Banking account
Get your kids started with a basic account that has no monthly fees and no minimum deposits.
NAB Reward Saver
Help your kids save money towards something they really want with this specialised account that rewards savers.
NAB iSaver
This saving account allows your kids to access their money without affecting their interest rate.
You must be 14 years old to set up an account online. Children under the age 14 can apply in a branch, but need be accompanied by an adult. Learn how to open a bank account for a child.
Financial literacy
Banking safely online
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Important information
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Target Market Determinations for these products are available at nab.com.au/TMD.