HSBC Bermuda is offering free online resources on the bank’s website to support families in teaching their children about financial literacy.

The bank said the financial education tools are designed to equip young people with the money management skills they will need to build their future financial confidence.

Building on the recent launch of HSBC’s youth “My Savings” account that rewards young savers, the bank said it is introducing a Financial Education Hub to further support children as they develop their financial literacy skiils.

The hub offers a series of educational videos, downloadable worksheets and other online resources aimed at young people up to age 16, the bank said.

HSBC said these resources complement the wide range of helpful financial guidance and tools already on the bank’s website, inclusive of investing calculators and articles on how to talk to kids about money.

Tanya Bule, head of Wealth, Personal Banking and Marketing at HSBC Bermuda, said: “Many parents have expressed a need for educational resources to help their children build financial capabilities in our changing world.

“On this basis we have made available a range of effective learning resources which are categorised by age groups and can be easily accessed anytime, to fit in with your day.

“Financial literacy is a critical life skill and our aim is to support families with fun, high-quality and easily digestible tools and resources.”

The bank said “First Steps”, for children ages three to seven, helps to build an understanding of the value of money and where it comes from.

“Developing Skills”, for ages seven through 11, builds financial skills to make decisions about money – and includes a virtual trip to the Antarctic, the bank said.

HSBC said “Smart Money”, for ages 11 to 16, helps independent young people take control of their money and manage their own finances.

HSBC Bermuda said it will announce additional initiatives throughout the year to help further support young people in this way.

For more information and access to the full range of learning resources that can be downloaded and used at home, visit the HSBC Financial Education Hub.