savings account for baby

posted 23rd Jul '12
Anyone know the best bank/savings account for my little one.

She is 6 months and I only have around $200 to start her account, I have avbout 25-50 to add to it monthly.

I of course would like her to get the most interest even though we won't be using it until she starts college or equivelant. But I also don't want to spend much in bank fees.
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I live in California
posted 23rd Jul '12
I honestly would put it all in savings bonds.
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I have 2 kids & live in Carlyle, Illinois
posted 23rd Jul '12
A lot of banks offer minor bank accounts at little or no cost to the parent. My sons is directly connected to mine, and twice a month money pulls from my account into his. I also have it set up that I cannot take money out of this account without going to the bank. So it will not get used should I overdraft or anything like that. I really like it because I am terrible about transferring funds on my own. This way money goes in every month, and i dont have to remember to do it.
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I'm due November 24th (a boy), have 1 child & live in Brandon, Florida
posted 24th Jul '12
<blockquote><b>Quoting P3RvYmCp3rv:</b>" I honestly would put it all in savings bonds. "</blockquote>

This might be a very ignorant question but...
What is the advantage to savings bonds? Are they better then cds would be?
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I live in California
posted 24th Jul '12
Quoting Jan31mom:" <blockquote><b>Quoting P3RvYmCp3rv:</b>" I honestly would put it all in savings bonds. ... [snip!] ... This might be a very ignorant question but... What is the advantage to savings bonds? Are they better then cds would be?"

idk it is just what I'm planning on using. I cashed mine out a year after it was fully avaliable and got a good 90 dollars more. It was a 100 dollars savings bond.
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I have 2 kids & live in Carlyle, Illinois
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