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Check out this article: <b>Advantages and Disadvantages of Custodial Savings Accounts</b><br /><br />https://www.bestcashcow.com/articles/Advantages+and+Disadvantages+of+Custodial+Savings+Accounts-9016<br /><br />Custodial savings accounts are bank accounts set up by a parent for a child that can contain either savings accounts, CDs, or a combination of both. Using them as a savings vehicle present several advantages and disadvantages. <a href="https://www.bestcashcow.com/articles/Advantages+and+Disadvantages+of+Custodial+Savings+Accounts-9016">Read More</a>

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