This Credit Union Pays 5.12% APY on Your Kid's Savings. More Than Almost Any Adult Account.
I opened my banking app the other night, half paying attention, checking the usual accounts. Then I opened my daughter's savings account. And I just sat there for a second, staring at the number. 5.12% 👀 My own high-yield savings account, the one I researched for actual hours, compared six different banks for, pays less than that. My kid's account, the one I opened almost as an afterthought, out-earns mine. That's not a typo. That's just how it is right now. Okay, Which Bank is this? BECU. Boeing Employees' Credit Union, if you want the full name, though you don't need to work at Boeing to join anymore. Their Early Saver account, built specifically for kids under 18, pays 5.12% APY. Compare that to the national average on a regular savings account, 0.38%. It's not close. It's not even the same category of number. No minimum balance to open it either. Zero dollars. You could open this account with the change from your car's cupholder and start...