For now, let's just build the habit, I argued.
Rates will rise at some point and she'll be paid more. My answer was essentially what it had to be: because putting money away for later is a good habit. That naturally led to her asking what the point was in putting her money in the bank, making it harder to get to, especially when she isn't already a spendthrift. The honest answer is that she'd get paid basically nothing. My 9-year-old daughter - the crafty genius of the family, really - had me at one point when she asked how much she'd be paid for trusting the bank with her cash. I often have a hard time explaining to my kids why they should put some of their money in the bank.
