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Savings account for babies, Good or Bad idea??

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Question: Saving's account for babies, Good or Bad idea??


Good Idea

Bad Idea


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Total Votes: 22

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My DD is 16 months now, and Im planning to open a saving's account for her.

When I inquired in the bank they just ask for..

*one 1x1 picture of Mom

*Birth certificate of baby

*2 valid ID of Mom

*and lastly, $12.5 as initial deposit.

I was thinking that depositing even a small amount per month in a few years time that amount will be very helpful in her future. So is this a good or bad idea? Any other suggestions?

by on Sep. 8, 2012 at 2:44 AM
Replies (21-24):
by Carissa on Sep. 10, 2012 at 9:38 PM
Great idea!
by on Sep. 11, 2012 at 12:04 AM
1 mom liked this
It's a good idea. My dd has had an account since birth.
by on Sep. 14, 2012 at 6:18 PM

Very good idea!

by Deanne on Sep. 14, 2012 at 6:26 PM

Both of my kids have savings accounts. I think it's a great idea!

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