Can my kids under 18 open their own high-yield online savings accounts?
Question : Can my kids under 18 open their own high-yield online savings accounts?
I was going to setup online savings accounts for each of my 3 kids, but when trying iGoBanking and some others, the applications won’t go thru or require a drivers license, etc. I even tried me as a joint applicant and it didn’t work. Other options vs me opening 3 accounts in my name?
high yield online savings
Best answer:
Answer by ♥Megegie♥
I believe they can as long as you co-sign for them.
Forget the on-line thing. Open them in a local bank. Once in a while let your children make their own deposit. It gets them used to banking.