I will admit I have little financial management knowledge myself. I am inclined to agree with you, but what is the bank doing with the money you keep there? Is

I will admit I have little financial management knowledge myself. I am inclined to agree with you, but what is the bank doing with the money you keep there? Isn't the bank meant to be using your money in a "managed fund" like manner? IE leverage it to make profits. Here in Australia the banks make quite decent profits, and yet a savings account can't break even, before tax?!? I haven't done the sums but I am curious if it is better to own shares in the bank than put money in the bank. I am also inclined to ensure my son does get financial knowledge. It is hard to play a game you know only limited rules of.