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5 replies to this topic
#1
girllover
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Posted 26 December 2005 - 03:24 AM
Looking to open a saving account for my sister she only 10 where can i open saving account with high APR for her?
#2
markber
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1 billion bucks
Posted 26 December 2005 - 12:42 PM
QUOTE(girllover @ Dec 25 2005, 08:24 PM)
Looking to open a saving account for my sister she only 10 where can i open saving account with high APR for her?
You may consider starting from 10% APY savings account (for balances up-to $500) from Affinity Bank.
I do not have experience with opening accounts for minors but I do not think it should be a problem as long as you are joined to the account as a custodian. You may want to check which bank from those listed in this thread you like and then contact its customer support to find out if they open custodial accounts. I heard that ING Direct allows to open such accounts but its rates are not the best anymore.
Mark
#4
girllover
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Posted 28 December 2005 - 03:39 AM
Guys I need something else this bank accepts kids 16 and up my sister is 9 years old 
#5
markber
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Posted 28 December 2005 - 06:18 AM
QUOTE(girllover @ Dec 27 2005, 08:39 PM)
Guys I need something else this bank accepts kids 16 and up
Are you sure? The website says:
QUOTE
Kids Only account opened for children up to 16 years of age
#6
girllover
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Posted 04 January 2006 - 05:01 AM
QUOTE(girllover @ Dec 27 2005, 07:39 PM)
Guys I need something else this bank accepts kids 16 and up my sister is 9 years old
They offer 10% only for 500 bucks above 500 is 0.40% it sucks mybe there is something better than that.
