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Best Piggy Banks

Last updated on October 9, 2023
piggy bank next to stacks of coins

Our Review Process

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Our Picks For The Top Piggy Banks

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Product Overview
Key Takeaway
  The Best Overall

Totola Electronic Password Code Lock Mini Safe Piggy Bank

Don't Waste Your Money Seal of Approval

Totola

Electronic Password Code Lock Mini Safe Piggy Bank

Featuring a creative design that looks like an ATM, this bank has you enter a code to access your money. You'll find separate coin and bill slots along with a knob to open the container. You can choose from eight colors.

Overall Take

Fun FeaturesConsider this option if you'd like a unique bank that takes a security code and offers plenty of space and versatility.

 Best Toy Bank

Fisher-Price Interactive Piggy Bank Toy

Fisher-Price

Interactive Piggy Bank Toy

It's never too early to get your children in the habit of saving money, which is why this toy is a winner. Little ones can practice putting colorful coins in the pretend piggy bank. When they do, the piggy will play music or speak a series of phrases.

Overall Take

Fun and EducationalThe open and close door on the side of this toy for 6-month-old girls makes it easy for little hands to retrieve their coins.

  The Best Value

PJDRLLC Non-Toxic Plastic Kids’ Piggy Bank

PJDRLLC

Non-Toxic Plastic Kids’ Piggy Bank

Teach your little one important money saving habits using this classic kids piggy bank. It's made from a non-toxic plastic that won't break when dropped. You can even get this piggy bank in one of nine cute colors, such as baby blue, light green or yellow.

Overall Take

Classic styleAvailable in 10 colors to match any room decor

 Best Money Counter

MOMMED Soccer Ball Bank

MOMMED

Soccer Ball Bank

If your child has a love of all things sports, you'll want to entice them to save with this digital piggy bank. It has a soccer ball-shaped design and features an LCD display, so they will always know how much money they have inside. All you need are two AAA batteries and you're g

Overall Take

Multiple Denominations AcceptedThis digital kids bank also doubles as a room decoration.

Buying Guide

Whenever you need a place to conveniently put your loose change, a piggy bank has long served as a classic solution for kids and adults alike. This container makes it easy to save up your money since you simply insert your money in the piggy bank’s slot. When you want to use the money or deposit it into a bank account, you just find the opening and get your cash.

Piggy banks come both in simple and high-tech forms so that you have many choices. These differ in factors such as design, usability, maintenance and suitability for users of different ages. Also, some are reusable while others need to be broken to access the money.

Traditional piggy banks may take the actual shape of an actual pig or another animal or object. Others look like round or square containers with fun graphics like princesses and unicorns. These types of piggy banks are especially popular for kids since they’re fun, simple and creative. Simple piggy banks targeting adults may instead resemble small square safes without any electronic components and may be transparent.

The most sophisticated piggy banks require batteries and offer additional functionality to count or protect your money. Some look like plastic jars with a special counting sensor on the lid where you insert the coins, and these have a small display that shows the current balance. More complex piggy banks look like small ATMs and may accept an electronic code to access the money inside. These often display the balance on a small screen and may even speak the balance when you deposit money or press a button.

When choosing a piggy bank, keep the user in mind. For example, a large electronic piggy bank will be easier for older children and adults than for small kids. Plus, simple piggy banks made of plastic or metal are a more durable choice for kids than those made of easily breakable materials. In addition, consider how easily the piggy bank opens since you might find unscrewing a lid or removing a stopper easier than remembering and entering a code.

What to Look For

  • Any piggy bank will accept coins, but you’ll need to shop around if you also want to insert bills. Some models have a large slot that can take either coins or bills, while others have separate coin and bill slots. Although the jar-style banks usually just take coins, you can always unscrew the lid and put bills inside; however, any electronic sensor won’t detect the extra money to update the balance.
  • To get started using your piggy bank, you could simply stash away extra coins from your everyday cash purchases. You could also look around the house to find spare change.
  • If you want to help your child develop money management skills, you could offer them some starter change and encourage them to put away part of their allowance or special occasion money in the piggy bank. It also helps to encourage your child to save for some specific goal, whether that’s to buy a new bike or an upcoming video game. When your child reaches an appropriate age, you might get them a bank account where they can deposit their piggy bank funds occasionally.
  • Keep in mind that non-tech piggy banks come with the downside of needing to physically count what’s inside to know the balance. While this may be inconvenient for adults, it can help children improve their math skills.
  • Some manufacturers list the piggy bank’s capacity in terms of bills and coins.
    If you have a larger budget, you might consider advanced electronic piggy banks with features such as a security alarm, automatic bill feeder and savings goal tracker. These models might have a fake debit card or fingerprint reader to let you more conveniently access money than by entering a code. They might also keep a record of who last opened the bank.
  • Forgetting your electronic piggy bank’s code can be frustrating, but manufacturers usually put a simple reset button somewhere on the back or bottom. Pressing this with something sharp like a paper clip should reset the bank’s settings so you can choose a new code. The downside, however, is other information like the balance and savings goal gets lost as well.

More to Explore

It’s never too early for children to learn about saving money. Here are few resources to help teach them the value of a dollar.

boy putting money in piggy bank

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