Who has the best savings account for children?  What would you recommend for children's savings?
79634
Educational Roth IRA, or just a ROTH IRA depending on their age.  These are tax free, the educational one can be used for college or other types of school.  The other is used for retirement, if you start saving early; they will thank you in the end.\n\nAlbert Einstein once said the most powerful formula is compound intrest.
1105496
i think ING has a high yeild savings account that pays like 5%.  look into that
729559
There are a couple really nice deals with some of the online banks:\n\nING Direct\nCitibank\nImmigrant Bank\nNetbank\n\nI'd say there are all just about the same, so I'd go with the one with the highest %rate for deposits.
553754
Good for you for saving!  Too few people do that these days.\n\nBoth emergency and savings should be in a savings account or a VERY low risk mutual fund, where you can get to them pretty quickly if you need them.  They are designated as such by you, not the bank.\n\nAn emergency fund is just what it says - money you keep around (in an account, of course) for emergencies - unexpected medical bills, unexpected car repairs, etc.  The key here being UNEXPECTED expenses.  \n\nA savings fund is what you use to save for higher cost items that you want to purchase (TV, computer, newer  - never NEW - car, home).\n\nIn addition to these, you should be accruing CASH in seperate envelopes for things you buy fairly often, but not necessarily every week (auto repairs, home repairs, clothing).  That way, when your're ready for some new clothes or it's time for the oil change, you have the cash on-hand.\n\nIt sounds like you have a good handle on your finances.  If you want more tips and advice, check out one of Dave Ramsey's books from the library ("Financial Peace" or "Your Total Money Makeover").
653710
Try your local teacher's credit union.  Usually you can join if you're a member of the PTA.  Their rates might be a little better than a commercial bank.\n\nDon't forget US Savings bonds!
94839
They have a good reputation.  Before you begin investing, start saving money into a savings account and read more about investing and its many options.  Books like "Investing for Dummies" are away a good start to understand how to do it right.
13311
Here's something we're trying with our 15 year old to help him understand credit cards and money management.  \n\nHe has a Visa Buxx card, which is a prepaid, reloadable card that works like a credit card, but has a balance only you (the parent) can control.  The teen has access to account information on their balance and transactions.  They use it just like a credit card anywhere Visa is accepted.  They MUST be aware of what's available in their account or their purchase will be declined.  \n\nYou fund the card from a checking account or checking card.  The issuing bank charges you a setup fee and a small fee ($2)each time you add to the card.  We have a checking account with the bank that issues it and they actually waive that fee.  You can put as little or as much (up to $2000) as you want.  Minimum age to use a card is 13.  And there's no minimum balance or minimum time limit on it.\n\nFor us, it's a real simple way to give him an allowance AND responsibility for it.  For him, it's a way to spend AND budget his money, easily helping him save it for what he wants without tapping his real savings account.\n\nIf your kids are too young, or you think it's too soon, I'm sure the program will be around for a while.  But if you think it's something worth trying, here's a link from Visa to explain the program.
855191
IRA's are only for wage earners, so unless your children have jobs, you can't open one.\n\nWhat you can do is open a broker account (Charles Schwab, Scott and Co., Merrill Lynch, and the like)for each child - Uniform Gift to Minors Account - and invest in high yield money market funds paying close to 8% versus CD's which pay 3-4%. You can make such contributions on a regular basis, or as circumstances permit. There is no set amount or timetable. \n\nThe earned dividends are not taxable to them until it amounts to $600 per year (check with the broker, I'm not sure of the amount.)\nAt age 18, the account belongs to the children and should be converted to their names.
891740
You can open a community account and you will pay reduced fees if you are non profit making for this element of the business.  You should have more than 1 signatory on the account, maybe yourself and any one of 2 others.  You and they can then write cheques and withdrawal slips with the protection a single named account does not have.  Most of the banks and building societies run them, Barclays do a good one and so do Nationwide.  You will need to go in though and not do it online.
1019797
Check to see if there is a local "head start" program in your community. These nationally recognized programs help children get ready for school with daily activities and lesson plans. You shouldn't have to take out a second mortgage to prepare your child for school. Also, be aware that not all children are ready for a rigid, all-day, structured environment at such a young age. Take clues from your child and see if just some quality hands-on teaching time with a caring parent might prepare him or her the best. Here is a site that might be of interest to you. Good luck!
516946
The best savings accounts in UK are definitely from Halifax Banks.\n\nHalifax Banks have alot of services that they can give you for example: \n1. Bank Accounts\n2. Credit Cards\n3. Estate Agency\n4. Holidays \n5. Insurance\n6. Investments\n7. Loans\n8. Mortgages\n9. Savings\n10. Share Dealing\n\nAll these services that the Halifax banks offer are great, besides they help you in your life they can give you alot of money and alot of interest in your savings account.\n\nNumber 9 called Savings: Is an excellent account in which you can open a savings account and if you keep your money in that account for a long time, automatically it will increase your interest rate, for example: If you have  £6,500 in your savings account and if you keep your money there for 6 months your interest rate will increase from 3.5% to 6% and it will be a little bit more of money; But you cannot take out money from your account once you've already made this deal, if you take money out you'll lose your interest. (And you can hardly be able to apply once again.)\n\nI think this one is good because they give you alot of interest, it's secure, it has alot of popularity, all the people have their account in it, and it's a bank in which you can trust 100%.\n\nSo try it! It's an excellent bank that in my opinion, I recommend it for everyone that lives in UK.\n\nI hoped that this answer has helped you in everything. \n\nRegards
39788
Go to bankrate.com and look for rates on savings and CDs.  ING direct has high rates but there are others with even higher rates.
1142716
it depends what she's expected to do with the money... fun stuff only?  or is she expcted to buy school lunches?  clothes?  movies?\n\nwill you still buy the child books or treats? or is he on his own?  \n\nAt age 8, I started my kid at $2/week, and she got a $.50 raise at age 9 and again at age 10.  I expect that she'll be up to $5 by age 12.  Anyway she is not expected to contribute her allowance toward any regular expenses, and can spend her allowance pretty much how she chooses, within my guidelines.  \n\nGood luck!
850648
Please keep your money in your own home town. Most of those that you see on TV only give a percentage of your money to some child somewhere. Something like 40%. I guarantee there is a hungry child right in your own neighborhood. Talk to a local Christian Church and they can help you "adopt" someone close to home.
1181832
If you are serious. Read the one minute millionaire by Mark Victor Hansen and Robert Allen. Then contact Mark Victor Hansen with your business plan. I met Mark and he's in for helping kids with a plan.
863842
You are an ambitious teenager. That's great. Saving, what a smart idea. Ask your mother or father to bring you to their bank to set up a savings account for you. I had a luney tunes account at the bank, thought it was the coolest thing. Work to earn your money and put it in the bank when ever you accumulate a good amount ($40-$60). Convince your parents how nice it would be to have their house cleaned from top to bottom every week, and how much  you want to do it in order to save money. Talk to your father, I think they are more interested in your financial situations. Remember, you will be saving from now until the day you retire (house, vacation, new car, Christmas gifts, the list goes on..). Now is a great time to start.\n\nOh, and please dont fall for these silly, fake "online money makers". Get out and do it the old fashion way, like your supposed to.
846954
I personally have an HSBC online-saver account. It is run solely over the internet banking system, and because of this, and because it means that HSBC don't have to employ any staff to manage the account or handle paperwork, the interest rate is higher. I believe it is currently 4.95%.\nAlternatively you could open an ISA account, which also have good rates of interest.\nYou're best bet is to go down to a building society or bank, and speak to a Customer Adviser. Be warned though, they will invariably try to get you to sign up for their own company's accounts. So if you go to Natwest, you will hear all about the greatness of Natwest. Shop around!\nHope this helps,\nRegard, Liam