Make it a family affair. It's a wise investment to teach your children or grandchildren the value of money and the importance of saving for their future. Start them out with a Johnny Appleseed savings account. It's for children under age 13. The Teen Savings account is for teens age 13 to 18.
Interest is earned daily and posted quarterly.
Unlimited deposits and withdrawals. Johnny Appleseed account holders can receive gifts throughout the year to help encourage children to save. Then you want the Insured Money Market Account. It's really a savings account with check writing privileges. And because it has a market rate of interest, you earn more when rates rise.