🚀 go-pugleaf

I would like to start modest savings accounts for each
of my two children (aged 8 and 9). It would start out
with just $50 to $100 and they have expressed an interest in
contributing to it (they got lots of Christmas money :-) )

When I was a kid, we had a passbook savings account and you
had a little book that had all your deposits stamped in it.
It was also a local bank so that the we could take the 
money to the bank ourselves rather than use a machine or
give the money to my parents who in turn could write a check.

This would not be something to count on for a college education
or anything, just a place to store money and get a feel for
what it means to save money instead of frittering it away.

Obviously, a monthly bank fee would eat up the savings in no
time. So, are there any places in the suburbs of Boston (Newton, etc.)
that offer a no fee savings account to children?

(Sorry if this starts the banking thread again but I don't recall
this kind of thing being discussed)

Thanks,
Susan
reynold@binah.cc.brandeis.edu