does any one know a bank that has a baby savings account
2007-11-11 16:58:48 · 3 answers · asked by camani07 1 in Pregnancy & Parenting ➔ Parenting
My inlaws get U.S. savings bonds for our kids, but you could open any kind of savings account for your kids/baby. Just go to a bank you trust and talk to a representative. You should also consider CDs - if you know you don't want to touch the money for several years, the interest rate is higher. Some CDs will even let you add money in, and take money out without penalty (but these will generally earn a lower interest rate).
2007-11-11 18:52:41 · answer #1 · answered by TNEmily 4 · 0⤊ 0⤋
Many banks offer CD's which you can set aside for your child. Also, government bonds are good to buy. My parent's bought quite a few government bonds for the children of the family (it must be in the adult's name since the child is a minor though) and now each child has over $100,000 in the bonds that we can get at anytime and just have to pay taxes on.
2007-11-11 17:07:35 · answer #2 · answered by Madison 6 · 1⤊ 0⤋
I know People's Bank you can open a CD account for children for only $25. My parents opened one for my niece and one for my son. My son is 3 and has almost $400 in his account and it is going to just get rolled over until he is 18 and then he can choose if he wants to take it out or leave it in and keep adding to it.
2007-11-11 17:05:05 · answer #3 · answered by Ryan's mom 7 · 2⤊ 0⤋