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This answer is from i want to open a savings account for my grand daughter and deposit money every month for her future is the interest she earns taxible

Doug
Bronze
Doug said
about a month ago

Hi Snewdi.

YES, there will be interest, and I agree that the Education Savings Account is the way to go. You could also buy her bonds that mature after a certain number of years. This is worth discussing with a financial advisor first.

Cheers.

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