Canstar's research manager, Mitchell Watson, said the work banks were doing to help youngsters was huge. But parents and schools played a big part too, he said.
"Teaching kids about money in a simple and fun way helps them to learn important life skills. The first year or two of school is a good time to start and the lessons can ramp up as your child gets older.
"Making money visible, doing chores for pocket money and regular saving through a school banking programme or even an old school piggy bank are great ways to kick off a money education - but be warned, your own money attitudes will rub off on your kids."
Westpac's Cash Critter app took advantage of the fact that many children like technology. The app shows youngsters how to set goals and save money - while getting their chores done. As each chore is ticked off, they see their money goal getting closer.
ASB and Kiwibank were the only institutions to offer a specific youth website, while BNZ offered workshops and resource materials.
SBS Bank did not have any specific products for children, except for junior and youth accounts.
A spokeswoman for ANZ said products and services offered by banks for children helped them to get familiar with money and how it worked.
"The value of money is the first lesson. Things cost money, they don't just come from mum and dad. This then leads naturally to the importance of saving."
Other skills such as budgeting would help youngsters understand services - such as loans and credit cards - as they grew up.
Youngster proud to earn own money
It took Christina Hellesoe six weeks and lots of chores to save up for the flash pencil case she had seen at the mall one day.
"I couldn't buy it because mum said I had to work for it. It was $20 for two and it took me six weeks to save up for it."
The 9-year-old from West Auckland has been learning about money since dad John opened up a bank account for her and her sister Jane, 12, a few years ago.
"We go up to the bank every month and dad gives us $20 to put in. We get a letter from the bank sometimes and we get to see how much we have in there."
The youngster, who goes to Tirimoana Primary School, can only touch the money at special times, such as Christmas.
Other luxuries must be bought from money earned by doing chores, getting a good report, or when the tooth fairy visits.
"I get $2 or sometimes $3 if I do my chores really well, like if I wash the bathroom mirror well."
Her mother, Niu, said she wanted her girls to understand the importance of working hard for things they wanted. "Christina will work hard for the money because she knows I won't just buy it for her. Sometimes, if it's a bit expensive, I say to her: 'Okay, you earn half and I'll pay for the other half.'"
Christina said she felt good when she could buy something with money she had earned. "It feels good because I didn't have to ask mum."
Top tips to help kids save
• If your child's school is involved in a bank programme, sign them up.
• Set up a bank account for your child. Many banks have junior and teen accounts with good interest rates that will encourage them to save.
• Take your child with you when grocery shopping. Go through the shopping list and let them see which products cost less and how they can save at the supermarket.
• Give your child pocket money for chores around the house or a good report at school. They will understand that hard work pays off.
• Be careful of your own money habits, as children can quickly pick up how good (or bad) you are with money.
