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A savings account is a good tool for teaching children financial basics and responsibility. ... Uniform Transfers to Minors Act (UTMA) accounts: ... Wells Fargo. The best bank accounts for kids ...
Wells Fargo: Clear Access Banking. Wells Fargo’s Clear Access Banking is a non-interest-bearing account that’s available to a wider range of ages — 13 to 24. However, note that if your child ...
Founded in 1852 and headquartered in San Francisco, Wells Fargo offers banking products, such as checking accounts, savings accounts, certificates of deposit (CDs), and loans to individuals, small ...
The minimum age for opening a bank account is most commonly 18 years. However, in some countries, the minimum age to open a bank account can be 16 years, and accounts may be opened in the name of minors but operated by their parent or guardian. In general, it is unlawful to open an account in a false name.
Dig deeper: High-yield accounts vs. traditional savings account: Why it’s worth the switch Earn up to 4.14% APY on balances of $1,000 and more $0 monthly maintenance fee
What to look for: This Wells Fargo savings account comes with access to over 5,000 branches for your banking needs. The account does have a $5 monthly fee and higher minimum deposit and minimum ...
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