Aug
22
I need to open a bank account for my son. What bank pays the best interest rate for kid’s accounts?
posted by admin in Personal Finance
comments (2)
Right now, we have some money from Grandma sitting in a crappy bank savings account that is only earning .75 percent. He doesn’t need the money for anything right now, so I would like a much higher interest rate.
Right now, we have some money from Grandma sitting in a crappy bank savings account that is only earning .75 percent. He doesn’t need the money for anything right now, so I would like a much higher interest rate. The key is that it has to be an account for minors.
He has a college mutual fund that he can’t touch until he’s 18. I want something that he can access when he’s saved up for something he wants.