A custodial account is a financial account set up by an adult for a minor, typically to save or invest money for their future. The adult, known as the custodian, manages the account until the child ...

Brooklyn Sprunger is a full-time Content Manager and Personal Finance Writer at Motley Fool Money, where she oversees product reviews and ratings while also writing about credit cards, bank accounts, ...

After a couple of years of spiking interest rates in the wake of the pandemic, yields on savings accounts have been falling since late 2024, when the Federal Reserve began trimming its benchmark rate.