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Why we chose it: The Alliant Kids Savings Account earns a competitive yield for a children’s savings account. The Alliant Kids Savings Account requires an initial deposit of $5, which the credit ...
An alternative to a custodial account is a savings account that’s designed for children under age 18, and there is joint ownership between the parent and child.
Opening a new bank account for a student who is under age 18 may require a cosigner like a parent or guardian, so take this into consideration when choosing your student’s savings account.
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Inclusive: Accounts should be established at birth for every child in America. Seeded with an initial deposit: Every newborn should receive a modest but significant start-in-life deposit. Configured to establish lifelong assets: Savings should be held until at least age 18 and should be used for only higher education/training, small business ...
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