Brides Helping Brides ™ - Did you open a bank account for your son/daughter?

Post new topic

Wedding Forums > Brides Helping Brides ™ > Did you open a bank account for your son/daughter?

Did you open a bank account for your son/daughter?

Mishy626 Posted: Oct 27, 2004 02:56 PM+

Mishy626 MEMBER SINCE: 1/02 TOTAL POSTS : 1138 WEDDING DATE: Apr 25, 2003

Posted: Oct 27, 2004 02:56 PM

Did you open a bank account for your son/daughter?

DH and I want to open a bank account for our son but would like to go to a bank that has the best interest. Just wondering if any of you opened an account and what type of interest you are receiving from where? Thanks.

emilain Posted: Oct 27, 2004 03:03 PM+

emilain MEMBER SINCE: 1/04 TOTAL POSTS : 754 WEDDING DATE: May 24, 1997

Posted: Oct 27, 2004 03:03 PM

Re: Did you open a bank account for your son/daughter?

we opened a college account for both of the girls, I forget the # of the type of acct, but it's something like a 5920, my mind is drawing a blank. I use citibank and the take $100 out per month, it is in my husband and my name so they can't touch it when they turn 18, they can only touch it with our permission, which is good because a lot of accounts automatically tuern into your child's possession oncve they hit 18, and I know that if I had a few grand at that age I would have definitely spent it unwisely.

MrsTC Posted: Oct 27, 2004 03:05 PM+

MrsTC MEMBER SINCE: 3/03 TOTAL POSTS : 8127 WEDDING DATE: Sep 27, 2003

Posted: Oct 27, 2004 03:05 PM

Re: Did you open a bank account for your son/daughter?

u should also join upromise!

kptoys Posted: Oct 27, 2004 04:18 PM+

kptoys MEMBER SINCE: 11/02 TOTAL POSTS : 7696 WEDDING DATE: May 22, 2004

Posted: Oct 27, 2004 04:18 PM

Re: Did you open a bank account for your son/daughter?

We have an ING account for Emma and we will open one for the new baby once its here. They will both be in our names. They have the best interest rates from what Ive seen. We also have a Upromise Acct which is divided between the 2 kiddies.

lele4me Posted: Oct 27, 2004 04:54 PM+

lele4me MEMBER SINCE: 6/03 TOTAL POSTS : 249 WEDDING DATE: Oct 13, 2003

Posted: Oct 27, 2004 04:54 PM

Re: Did you open a bank account for your son/daughter?

We just opened a 529 account. What is Upromise?

kptoys Posted: Oct 27, 2004 05:08 PM+

kptoys MEMBER SINCE: 11/02 TOTAL POSTS : 7696 WEDDING DATE: May 22, 2004

Posted: Oct 27, 2004 05:08 PM

Re: Did you open a bank account for your son/daughter?

Upromise is where you shop at certain Co's, use your CC's at certain stores, buy certain products at the supermarket and they give you back a percentage of the money you pay for the product which you then turn around and use toward a 529 savings plan for college

www.upromise.com

Samanthas Mom Posted: Oct 27, 2004 11:21 PM+

Samanthas Mom MEMBER SINCE: 12/01 TOTAL POSTS : 14106 WEDDING DATE: Aug 25, 2002

Posted: Oct 27, 2004 11:21 PM