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[quote=Anonymous]Whenever our young child receives money from relatives for birthdays, baptism, whatever, we've just been adding it to her savings account that we set up after she was born. There's a decent amount (for a 3 year old, anyway) in there now, obviously earning next to nothing. I wouldn't want to lose her money as we intend it for her to use for a car, college spending money, etc. when she is older. Is my best bet just to stick it in a CD so that at least it's earning a little more than nothing?[/quote]
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