-- Posted by daisydee23 at 8:44 am on Jan. 5, 2009 Does and one know a company that I can send money to that will save money for my daughter and accumalate over time??? Not Gerber baby though cuz it did not like it. -- Posted by roflfuckyou at 8:44 am on Jan. 5, 2009 A bank? -- Posted by santana 08 at 8:44 am on Jan. 5, 2009 Why dont you just make a fixed account at a bank? -- Posted by SpasticTurnip at 8:45 am on Jan. 5, 2009 a bank account ? -- Posted by justin1990rm at 8:45 am on Jan. 5, 2009 Quote: from roflfuckyou at 11:44 am on Jan. 5, 2009 A bank? this -- Posted by ChemicEmotions at 8:46 am on Jan. 5, 2009 get a CD or a savings account. -- Posted by abbigayle303 at 8:46 am on Jan. 5, 2009 a bank -- Posted by fallenicon31 at 8:48 am on Jan. 5, 2009 a bank -- Posted by RachelLouise at 8:49 am on Jan. 5, 2009 Children's savings accounts can pay as much as 6%. V. good -- Posted by daisydee23 at 8:51 am on Jan. 5, 2009 A bank account would be great but I can't open one. I wanted to just find a company i could send my money to and it will accumalate over time -- Posted by ChemicEmotions at 8:57 am on Jan. 5, 2009 Quote: from daisydee23 at 10:51 am on Jan. 5, 2009 A bank account would be great but I can't open one. I wanted to just find a company i could send my money to and it will accumalate over time How long before you're 18? You can start saving it now and when you turn 18 you can put it in the bank, that way you will have a good starting point. I'm assuming you want to make this a long term thing, maybe for the kids' college or car or something right? So you might as well wait until you're 18. That's what I did anyway. I started to save up when I got a job, then I turned 18 and put all my savings into an account. -- Posted by yguinor at 9:07 am on Jan. 5, 2009 Quote: from ChemicEmotions at 8:57 am on Jan. 5, 2009 Quote: from daisydee23 at 10:51 am on Jan. 5, 2009 A bank account would be great but I can't open one. I wanted to just find a company i could send my money to and it will accumalate over time How long before you're 18? You can start saving it now and when you turn 18 you can put it in the bank, that way you will have a good starting point. I'm assuming you want to make this a long term thing, maybe for the kids' college or car or something right? So you might as well wait until you're 18. That's what I did anyway. I started to save up when I got a job, then I turned 18 and put all my savings into an account. this. -- Posted by Eidolon at 9:11 am on Jan. 5, 2009 I would just make an account and have money deposited in it from a my monthly earnings -- Posted by dunebug at 9:30 am on Jan. 5, 2009 Why can't you open a bank account? There's youth accounts where there's no minimum amount, low ATM fees, etc. If you're not 18 yet, why can't you simply ask your parents to set one up? I can hardly see them saying "No" to you setting up a savings account for your child/their grandchild. IMV, your money is safer in a local bank where you can access it, than in the account of some random company. In most cases, if that company goes under, they're not bound to return your money. -- Posted by ChemicEmotions at 10:06 pm on Jan. 5, 2009 Quote: from dunebug at 11:30 am on Jan. 5, 2009 Why can't you open a bank account? There's youth accounts where there's no minimum amount, low ATM fees, etc. If you're not 18 yet, why can't you simply ask your parents to set one up? I can hardly see them saying "No" to you setting up a savings account for your child/their grandchild.   IMV, your money is safer in a local bank where you can access it, than in the account of some random company. In most cases, if that company goes under, they're not bound to return your money. It depends if the parents are even still supporting her, which I doubt (and so they rightfully shouldn't). I couldn't open an account under my parent's name because their credit was so bad lawl so that's also a possibility (and by credit, I mean they would take my money if they didn't pay any of their bills). -- Posted by dunebug at 9:22 am on Jan. 6, 2009 Quote: from ChemicEmotions at 10:06 pm on Jan. 5, 2009   It depends if the parents are even still supporting her, which I doubt (and so they rightfully shouldn't).   I couldn't open an account under my parent's name because their credit was so bad lawl so that's also a possibility (and by credit, I mean they would take my money if they didn't pay any of their bills). It's entirely possible. But she only needs her parents to sign, not to be financially supporting her/her child.    Even if she's not living with them, I just think they could spare 20 minutes to go down to the bank and sign a few papers. That's all they need to do. -- Posted by Chiefette at 11:31 am on Jan. 6, 2009 Savings bonds, and CDs.  They both have good interest rates, and are easy to use.  I do suggest savings bonds though.  They aren't in an account, you put them away and forget about them.  They double their value in 7 years, and they continue to be worth more over time. -- Posted by ChemicEmotions at 1:29 pm on Jan. 6, 2009 Quote: from dunebug at 11:22 am on Jan. 6, 2009 Quote: from ChemicEmotions at 10:06 pm on Jan. 5, 2009    It depends if the parents are even still supporting her, which I doubt (and so they rightfully shouldn't).  I couldn't open an account under my parent's name because their credit was so bad lawl so that's also a possibility (and by credit, I mean they would take my money if they didn't pay any of their bills). It's entirely possible. But she only needs her parents to sign, not to be financially supporting her/her child. Even if she's not living with them, I just think they could spare 20 minutes to go down to the bank and sign a few papers. That's all they need to do. I know my parents wouldn't, but if I got pregnant before marriage they wouldn't even bother to remember my name. So. It's just a possibility. Not all parents are supportive of everything.