re: Misc Savings for Kids

quote:

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Custodial brokerage account.

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This is what we did. It transfers to them at 18, but the interest income gained is taxed at their income rate.

And OP, while it is true the interest on those high yield savings accounts won't continue; there is nothing to say you can't take advantage of them now by dumping the money there. And when the rates inevitably drop, you can then dump into some sort of investment/brokerage account.