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[quote=Anonymous]What bank do you use for your kids? My son has a side job that’s about $60 a month. He would like to open a saving account. Let’s say he gets $20 interest a year. Will he have to do tax return if his own personal account? Currently I’m just putting his money in a side savings account under my name with a 4% interest. He has about $2.5k now with birthday money and extras over the years. Chase sucks and doesn’t give much interest for basic savings or checking account. But it’s close to us so convenient. [/quote]
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