Ask Terry Questions Trust fund setup from my son for his siblings

Trust fund setup from my son for his siblings

By Terry Savage on March 01, 2022 | Chicken Money

My lawyer opened up trust funds for my kids from my son at Chase Bank $25,450 6 years ago and the Only interest it has made is $2 2cents per month for each child is this to be normal or do i need to bank elsewhere

Terry Says

Well, interest rates have been very low, and I’m not surprise that’s all you get. BUT, to make decisions about where else to place the money, I’d need to know more about the ages of the children, and the purpose for which this money is being saved.
Could you write back with more details, please.

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