<prompt> Human: Ive been keeping the contents of my 3-year-olds piggy bank in a Kids Capital One Savings account 0.75 APY. Its pretty convenient because I just keep whatever cash she is given and then transfer the equivalent amount over to her from my Capital One 360 Savings. My understanding is that were joint account holders until she turns 18 when it becomes solely hers. However, given that she is only 3 and is not going to need access to the money for at least 13 years, it seems like there should be something else I could do with the money that would get her a better rate. Shes not likely to ever get a huge amount to deposit...its just 50 here and there when she has a birthday or if we sell any of her old clothes or toys she gets the proceeds from that, so I need to be able to pay in small amounts fairly frequently. Other possibly relevant details: I dont want to tie the money up in such a way that it can only be used for higher ed - Id also be ok with her using the money for travel or starting a business. Its important to me that the money is very definitely hers if anything happens to me. Am I doing alright with the setup I have or should I be doing something else with money?Assistant: You could probably do CDs, they have a better return, and you can choose the term length. Human: Yeah, I see CDs have a better rate but it seems like I cant keep adding funds to them until they mature. For example, I could get her 1.6 with an Ally 5 year CD but then I cant make additional deposits throughout the year as she gets more money so Id be splitting what she has now from what she may earn in the future. Unless anyone knows of a CD where you can continue to chip in a little bit here and there?  <response>: Every time you hit a milestone in the savings account say 1,000 then go buy a CD with it. 