Banks offer savings accounts designed specifically for children. These accounts offer children an opportunity to learn about how banks work, and they also make it easy for children to save money. You may begin to save money for your child using this type of account. However you may want to switch your savings for college to another account as soon as you have the minimum to open a higher yield savings account. Here are five advantages for having your children open a child’s saving account at the bank or credit union. 1) There is no minimum balance required for children’s … Continue reading →