Savings accounts for minors

goodtosave · #1 (**permalink**) 04-07-2005, 05:35 PM

I just found out that Capital One has custodian money market accounts for minors paying 3.15%APY or 3.20%APY(for Costco members with 5K min deposit).

This is way better than the measily rates at local banks.

PRICEPLUS · #2 (**permalink**) 04-08-2005, 01:54 AM

Thanks for the heads up!

I looked on the Capital One web site and could find no info. I will call them up tomorrow and see what the deal is!

Tree0164 · #3 (**permalink**) 04-08-2005, 02:24 AM

Wow that is a great deal.

tclah · #4 (**permalink**) 04-08-2005, 09:16 AM

I opened a ING Orange account for my son. It has a 3.0% interest on it and I have it attached to my regular checking account with and automatic deposit set up so I need never remember to put money into his account. It has worked out just fine. There is no minimium deposit required.

Armywife · #5 (**permalink**) 04-10-2005, 08:31 AM

Quote:

Originally Posted by tclah

I opened a ING Orange account for my son. It has a 3.0% interest on it and I have it attached to my regular checking account with and automatic deposit set up so I need never remember to put money into his account. It has worked out just fine. There is no minimium deposit required.

I agree with Tclah on this one.. ING accounts have no minimum and best thing is you get the referral if you're already a member and your child gets the $25 bonus as well..