The Best Savings Account for Children for College?

Answer Education is one of the most profitable investments. If you have some spare cash, you can consider saving it to pay for your child's college-related expenses, which, in addition to tuition fees, wi... Read More »

Top Q&A For: The Best Savings Account for Children for College

How to Start a College Savings Account for a Child Who Isn't Born?

529 Plans, named for the IRS code that created them, allow you to start saving for your children's or grandchildren's educations even before the children are born. States and educational institutio... Read More »

College Savings for Children?

Parents with college-bound children face the staggering cost of higher education with great trepidation. The average future cost of tuition, fees, room and board at a four-year college for a 5-year... Read More »

Is there a difference between the APY on a savings account& a high-yield money market account?

No, the formula for annual percentage yield (APY) is one plus the periodic interest rate. Then raise the sum to the power of the number of periods of investment. Finally, subtract one. The formula ... Read More »

What is the difference between a health savings account&a flexible spending account?

Health savings accounts (HSAs) and flexible spending accounts (FSAs) are ways to put money aside for future heath care costs. Both provide tax advantages, but the qualifications and functions of th... Read More »