Quote:
Originally posted by Tyrone Slothrop
L'il Ty is getting an allowance now, and as I give him money to squander and misplace, I would also like to give him ("give him") money that'll go into a savings account so he can see it grow. Does anyone know how I do this? Ideally, I'd like an account in his name from which he cannot make withdrawals until he is 18, or 21, or 35, or some mature age.
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Ah, time to teach the boy about bank fees - "See, L'il Ty, you made $0.19 in interest last month, and the bank only charged you $5.00."
Look for a small community bank or co-op, possibly through a school program, with a special program for kids. Otherwise, buy savings bonds (I think denominations go as low as $20.00.
