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April 4, 2015 09:51:39 PM
Saving & Managing Your Money
In reply to peter, brooklyn
Whether you want to open a savings account for your grandchildren for the future or to teach them how to manage money from an early stage, we can help you get there, Peter.
Most of our Savings accounts can be opened as custodial accounts. Since you mentioned that you’re looking for an account for your grandchildren, we do offer a Young Savers Account which is designed to help kids save and start learning about money. For more information on this account please check out: http://bit.ly/1pxm2Zo. If you find this isn’t exactly what you’re looking for, TD Bank provides multiple types of savings accounts which offer different rates and features depending on your needs. Here is a link for you to get a customized recommendation of an account that could suit your needs http://bit.ly/1sxY9Rd.
Another option could be to open a CD with your grandchildren. CDs are a great choice if you do not need frequent access to the funds and want to receive guaranteed returns. If you want to take a look at our CD options here is some more information for you: http://bit.ly/1cWIYwb .
Most savings account types and CDs offer a custodian option. The links provided above will give you details on the accounts and they can be opened at any TD Bank Store. For Store hours and locations near you, visit : http://bit.ly/TDStores When you stop by; be sure to bring their Social Security number (and your identification) for the account opening process.
Finally, if you would like to open a checking account to help your grandchildren learn how to manage money, depending on their age, you may do so by opening a joint account. A Visa Debit or ATM Card may be issued to the minor only if the custodian on the account also signs the card application. A minor is considered to be under the age of 18 years old. For a closer look at the checking accounts TD Bank offers please take a look here: http://bit.ly/KmmHe7.
We hope this helps and have a great weekend.
Justin B, Mount Laurel
April 4, 2015 09:54:09 PM