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2. How to open a savings account for a baby or child - AOL

   www.aol.com/finance/open-savings-account-baby...

   1. Open a savings account, not a checking account. Checking accounts are for spending money whereas you’re likely trying to teach your child how to save. It’s advisable to wait until your son ...

3. What is a custodial account? - AOL

   www.aol.com/finance/custodial-account-173403481.html

   Here’s how custodial accounts work.

4. Custodial account - Wikipedia

   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. [1]

5. What Is a Custodial Account and How Does It Work? - AOL

   www.aol.com/finance/open-bank-accounts-kids...

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6. Uniform Gifts to Minors Act - Wikipedia

   en.wikipedia.org/wiki/Uniform_Gifts_to_Minors_Act

   The current rule is that for beneficiaries under 19 (under 24 if a student), the first $1,050 of unearned income is tax-free, the second $1,050 is taxed at the minor's rate (typically 12%), and the amount over $2,100 is taxed at the ordinary and capital gains rates applicable to trusts and estates. UGMA and UTMA accounts can invest in the stock ...

7. Bank statement - Wikipedia

   en.wikipedia.org/wiki/Bank_statement

   Example of a checking account statement for a fictional bank. A bank statement is an official summary of financial transactions occurring within a given period for each bank account held by a person or business with a financial institution. Such statements are prepared by the financial institution, are numbered and indicate the period covered ...