Merrill Edge Custodial Account: Best for Bank of American Clients Merrill Edge's custodial accounts let you invest for your minor free of balance minimums, annual fees, or account maintenance fees.

A custodial account is a savings or investment account an adult opens and administrates on behalf of a minor. The best custodial accounts offer features that matter most to both child and adult ...

At certain financial institutions, you may also see custodial accounts. A custodial bank account is not the same as a traditional kids' bank account. Custodial accounts are a type of investment ...

Bank of America customers risk losing access to their funds as account closures expand under state laws, but there are ways to avoid it.

The age of majority may also differ between these two accounts. Custodial brokerage accounts are easy to open at a bank or financial institution. You will need your child's personal information ...

After all, IRA does stand for individual retirement account. A custodial Roth IRA functions in much the same way as a standard Roth IRA. However, in the case of the custodial Roth, your child will ...