What are the Best Custodial Account for Kids?

What are the Best Custodial Account for Kids?

There is no black and white when it comes to “the best account,” but there are some considerations that can help you make a decision for what will work best for your individual financial situation. - Fees -Account Minimums - Investment Options

1. Acorns Early

Acorns Early offers investment portfolios of various risk levels for kids, so you can feel confident in the account you’re opening up on one of the best stock trading apps for beginners for your little one.

2. Greenlight App

It’s easy to use and can double as a savings account for your teens. The app will teach you the basics of investing, how to invest in stocks and ETFs, etc.

3. M1 Finance

M1 Finance is a service designed for self-directed investors by offering flexible, customizable and automated financial solutions. The platform manages your money intelligently based on how you want.

4. EarlyBird

This app provides a convenient and inexpensive way to gift money to a child, with funds available to go toward any expenses which benefit the child.

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