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www.marketwatch.com/story/5-things-to-know-about-custodial-accounts-for-kids...

Parents set up custodial accounts for children for various reasons, some legitimate and some not. Aunt Gertrude gives $10,000 to little Johnny: set up a custodial account to hold the money ...

en.wikipedia.org/wiki/Custodial_Account

A custodial account is a financial account (such as a bank account, a trust fund or a brokerage account) set up for the benefit of a beneficiary, and administered by a responsible person, known as a legal guardian or custodian, who has a fiduciary obligation to the beneficiary.. Custodial accounts come in a number of forms, one being an account set up for a minor, since the minor is under the ...

www.investopedia.com/terms/c/custodialaccount.asp

Custodial Account: A custodial account is a savings account accessible through a financial institution, mutual fund company or brokerage firm that an adult controls for a minor under the age of 18 ...

www.thebalance.com/best-custodial-accounts-4173051

Best for Custodial Bank Accounts: Ally Bank. If you're leaning towards a more conservative option to save and would rather keep the account funds in cash, consider Ally Bank. Ally offers among the best interest rates in the industry, and the Child Savings Account is a great place to put away money for college or other future needs. ...

info.legalzoom.com/difference-between-guardian-account-custodial-account-23481...

Custodial Accounts. A custodial account is a bank or other financial account that a person opens for the benefit of another person, called the beneficiary. The person who opens the account is often the "custodian" -- the person who manages the account -- although it's also possible to name a third party as custodian.

en.wikipedia.org/wiki/Custodian_bank

A custodian bank, or simply custodian, is a specialized financial institution responsible for safeguarding a firm's or individual's financial assets and is not engaged in "traditional" commercial or consumer/retail banking such as mortgage or personal lending, branch banking, personal accounts, Automated Teller Machines (ATMs) and so forth. The ...

www.wellsfargo.com/investing/education/custodial

Custodial accounts let parents, grandparents, and others transfer and invest money for a minor. The accounts offer potential tax benefits and the flexibility to use funds for educational or non-educational expenses. What is a custodial account?

www.biblemoneymatters.com/what-is-a-custodial-savings-account-and-what-are-the...

Open A Custodial Savings Account With CIT Bank. Pros Of Custodial Savings Accounts. There are a lot of reasons why people open and contribute to custodial savings accounts. First, a lot of people like the fact that you can make unlimited contributions to a custodial account, unlike some other account types like a 529 college savings plan.

www.bankofamerica.com/deposits/savings/utma-savings-account-for-children

The offering of Custodial Savings for Youth (UTMA/UGMA) Accounts should not be construed in any way as the providing of legal or tax advice by Bank of America. ← back to content For Bank of America Advantage Savings accounts opened on or after August 13, 2018, we will waive the monthly maintenance fee for six months from account opening.

smartasset.com/retirement/what-is-custodial-account

Custodial accounts come in a few different shapes and sizes. And each kind has its own upsides and drawbacks. Read on to learn what a custodial account is, how it works and if it’s the right option for you and your child.