[onewhippedpuppy]

Originally Posted by onewhippedpuppy

I'm looking for a good account to set up for each one of my kids, not with any real purpose other than money to help them get started in adult life. There's a number of college funds, CDs, bonds, and regular savings accounts, but they're all just crap. This would be something that received regular contributions, not a lump sum up front sort of account. Any suggestions for something long-term that yields ok interest without being too much risk? I'm not expecting 15%, but I'd like better than a 0.1% savings account. The oldest kid is 7, so I have quite a few years for growth.

Lets reset this here guys. I'm not looking for a college fund. I don't have any debt to pay down except my house, and that's totally irrelevant here. I appreciate and agree with many of the parenting tips here, but it's not really what I was looking for. I just want something better than a savings account to regularly contribute to that will help my kids get started in life. Maybe I'm dreaming here and just need to go with a money market account, I just wanted to insure that I wasn't missing anything.