Fidelity Investments: Best Tools and Resourcesįidelity Investments is the top choice when it comes to investment tools and resources.įidelity is well known as a brokerage firm for retirement accounts. Still, the custodial account is the only one that doesn’t have a contribution limit and doesn’t strictly regulate qualified expenses.Ī great perk of this account is its Trading Platform, called “ThinkorSwim,” which is high-tech and high-performing.Ĥ. TD has other options for you to save for your child’s college expenses, such as 529 plans and ESAs. Its website states: “Just think of us as your investing for college tutor.” TD Ameritrade can help you with your college savings plan.Īmeritrade advertises its UGMA/UTMA account as an education savings account. TD Ameritrade: Best College Savings Account Some perks of Ally, other than high-interest rates:Īlly Bank may seem a better option if you feel unsure, but remember that your potential ROI is lower with a simple savings account than an investment firm.ģ. It’s an excellent choice if you’d prefer keeping the account’s funds in cash rather than investing that money. Ally Bank: Best Custodial Bank AccountĪlly is an online-only bank that earns a high APY – a factor that makes its Child Savings Account worth considering.
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