And Investors Investment-oriented presents for those age 5 and up T he holidays are a marvelous time to add to the learning tools of the savers and investors in your life. Since financial education ought to start young, our gift suggestions begin with the under-five set and end with ideas for the taller people on your gift list. For young children, a colorful piggy bank always entertains, especially when accompanied by a handful of pennies, nickels, dimes and quarters so that they can make the first deposits themselves.
Little kids love coins.
Colorful and easy to read, it explains such mysteries as what happens to a check between the time you write it and it shows up back in your bank account, paid. Buy a child a U.S. EE Savings Bond. After it matures, the interest rate is linked to Treasury yields. If used to help pay for college, there will be no income tax on the savings bond when it is cashed in. If the bond is to be used for education purposes it must be issued in the name of the parents or guardian, though the child can be listed as the beneficiary.