If you are looking for a place to open an investment account for your kids, check out the custodial accounts at ShareBuilder.
ShareBuilderShareBuilder is a fantastic place to start investment accounts for kids. No minimums or fees make it a great way to start building a portfolio for your kids.
Fees and Requirements:
There are no inactivity fees or minimum balances to maintain. It's an ideal place to setup a child's account.
Ease of Use:
The easiest way to establish an account at ShareBuilder is to link it to your ING Direct account. You can move money quickly between the accounts.
ShareBuilder and ING Direct feature Planet Orange devoted to helping kids learn about saving money.
A great feature about ShareBuilder is the automatic links to ING Direct, which we've established as the best bank for kids.
Sign Up Bonus:
During 2010, when you open a new ShareBuilder account for your kids, you'll get a $51 sign up bonus. For details, see $51 Bonus on Investment Accounts for Kids.