Is there anything worthwhile for kids' savings with interest rates so pathetic? My local bank has a kids' savings account with "fun rewards" but a APY of 0.01%.
Alternately, while 529 isn't a great option in my state (and I'm not sure if I'll push my kids towards traditional college anyways), I will have enough to open a joint investment account for my 3 kids soon. Any gift money would go straight in there, plus a little bit every year from us. When they each get 18, I'd withdraw roughly a third of the balance to make it fair.
Appreciate any thoughts and recommendations!