Banking for baby... which type of account is best?

Question

We want to open an account for our LO but are unsure what kind we should open..
Any suggestions for the best type of account that will actually accrue money?

Answer

Bonds

Answer

We have a money market savings account and a CD for ours. Find the best interest rate.

Answer

We set up at our local credit union they matched the deposit and higher interest accrued. We just auto transfer every
Month into the account. It’s a savings and our names are on it until he’s older

Banking for baby... which type of account is best?

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