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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Follow up ibond account question.

How do you set up an account for a child? It’s not $10k, but a couple hundred that’s sitting in a bank account. This is their money- $50 here or there over the years. We have separate MD 529 accounts.

I’ve looked at several posts, but i can’t find the correct answer.  When you open up an account attached to the adult account, it asks for sole owner, primary owner, or beneficiary account. I selected beneficiary for one child, but then it said POD which I assume is payable on death. I don’t want that. I just want the couple hundred plus better interest to be available in five years.[/quote]

Someone else asked this question.  I think the answer is once you open up the linked account the child should be listed as the sole or primary owner because its their account.  If you want a beneficiary on the account that should be a different person (child?).[/quote]

Yes, open up a linked account. You have to add all their information. Then once you create their linked account, when you look at your account, on the bottom there will be a section for Linked accounts.  You kid or whatever should be there. Click on your kid and that will open up the kid's page.  You can then click buy bonds directly.[/quote]

I did all that in my initial post. I just don’t know if I’m supposed to select sole owner or primary account. Maybe it doesn’t matter?[/quote]

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