I open my dd saving account the day she turned 1 years old and we decided to keep a piggy bank for her and deposit all of our loose change at the end of the day. Close to the end of the year I go to the bank and deposit all of the loose change that has been collected all year long. So today was that day and the total amount was $89.10. Which brings her saving account to $558.07. This is more money than most adult are able to save. This is a great way to save without a lot of stress about doing so. I have recommended this option to a couple of friends that have a hard saving their monies.
Child's Savings Account.
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