Custodial Savings for Youth from Bank of America
This savings account is for Bank of America checking or savings account holders who want to open a savings account for a child under 18 or 21 years (age depends on state law). The account can be opened with as little as $25 and can be managed online for free. And it's hand-off: kids can't touch the funds until they reach the age prescribed by state law. The interest is reported to the kid's social security number though.
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