Fiduciary responsibility is a task not learned in one day, but over the course of a lifetime.
As a matter of fact, it is never to early to teach your child the basics of income and debt and by opening a interest bearing savings account for junior he will have real life experiences to base his knowledge on.
Once your kid starts learning the basics of math, you can begin teaching the value of money. Whether you want your kid to save a portion of his birthday money or a fraction of his allowance, by opening a high yielding savings account with him, he can actually gain the insider knowledge of the checks and balance system and that knowledge will build and work in is favor over the course of his life.
