ING to offer a New Children Savings Account
Posted by martinharford on July 16, 2009
Recently, I was reading my messages I get from ING in my account screen and I noticed a new offering for a Children Savings Account, which they have abbreviate (as ING likes to do) as CSA. Although I don’t actually have any children that could potentially benefit from this program I decided to read on (I’m a bit of an information junkie).
The short version of the story is that you can setup an account for a minor as long as you are a legal guardian. Once set up, your child would have the equivalent of a regular ISA but you apparently have the ability to watch the account somehow. There is of course one additional necessity, you have to be a customer of ING direct as well.
Additionally for a limited time ING is offering a $25 bonus for deposits of $100 or more. There appears to be no option for the use of yours or anyone else’s Orange to get that bonus as well.
If this sounds interesting you can check it out at:
