I just got my tax return and I would like to do something for my girls' future. They are 15 and 11 right now.
No, I didn't plan anything for their college when they were younger but college might not be an issue (I have a claim to get my husband's death service connected and if it gets approved, they'll have free education benefits). I've been trying to do some research to find the best way to invest in something that will get a decent ROI but most things that come up talk about college savings and that's not the route I want to pursue.
Another option I've seen is opening an account in their name but most savings accounts have terrible interest rates so I'm not terribly sold on that route.
So the last thing I was looking at was a savings bond. They seem to have a decent interest rate but there are so many options for bonds I don't want what would be the best option.
r/frugal - what would be my best option if I wanted to put $1k down somewhere for each of them to collect interest until they turn 18? Thank you for any insight and/or help you can provide :)
February 19, 2017 at 11:26AM
