No. I haven’t recommended accounts for minors in many years! That’s because they weigh so heavily against the family in the college financial aid formula. Not to mention that at age 18 in Illinois the money becomes legally theirs!
Put he money in a 529 College Savings Account on their behalf. In Illinois go to www.BrightStart.com. You’ll get a tax deduction for the contribution — and the money will grow tax-free for college!