How to open savings for 10 y/o nephew? My nephews birthday is this weekend and he’s a kid that is interested in entrepreneurship and personal finance. I’m told his $ is currently kept in a wallet that is safely at grandmas house. I would absolutely love to help him get a savings account opened and for him to start learning more about how banks work. I’m not his guardian/we’re in Texa…

Investments for nephew and nieces My wife and I currently have savings accounts for my nieces and nephew. There’s about $5K in the account for my nephew (he’s 13) and close to $1K for my niece (she’s 2). We have another niece on the way. Our plan is to put $50-100/mo into each account and give the account to them when they either turn 30 or when they’re ready to buy their first …