CHILD TRUST FUND savings acc? - trust fund savings account
I would like to open a savings account for my child trust fund discount, defo want to save too. that the bank is best for them? with interest, taxes and gifts to your account
thanx
Friday, January 1, 2010
Trust Fund Savings Account CHILD TRUST FUND Savings Acc?
1 comment:
If you are writing from the United States, you can open savings accounts in the uniform gifts to minors. This will thus grow money in the account of your child. Nobody will be able to touch that money. It is your child if he or she is 18 to 21, depending on the state of residence. Savings accounts are exempt from tax under the uniform gifts to minors.
Another alternative would be a money market account. Interest rates are slightly higher. It is a safe investment because the money markets for the use of commercial paper 30 days, not insured by FDIC.
You have requested that the Bank is the best. There is no better bank, better credit card or bank account better. It is necessary to examine all the services of the bank accounts and charges. Each bank offers different savings accounts with different characteristics and different rates. Visit several banks to determine what is best for you and your child.
Make sure you get everything in writing. Do not take anything for the customer service person tells you verbally.
Post a Comment