<prompt> Human: For Christmas I was hoping to set up a savings account or start a Coverdell account or something similar for my niece now that I have graduated and have a job and can contributed every Christmasbirthday besides, she has enough toys and baby clothes to start her own Toys R Us. So my questions are: What sort of options exist besides just a savings account? How do I open the accountpurchase a savings bond or something similar for another person?Background: My sister and her husband dont really have careers or steady jobs, so I picture this as saving for her college expenses in the future. Also, ideally I would like an account or something so I can deposit more in the future or if bonds, etc. are the best way, I guess I could buy more for next Christmas?. I just want to do something to make it a little easier for her when she gets to college. Growing up rather poor, I had to worry about it on my own and want her to avoid that, at least as much as possible. Thanks, and happy holidays!  <response>: I think this is a great idea. I did this for my cousins daughter when she was born 22 years ago. There werent 529s then, and I had no idea about PF, but I put 10 or 15 every birthday and Christmas into a savings account, and bought her a 5-10 present. Little kids dont know the difference between a 5 present and a 25 present. As she got older, she expected token presents from me. When she graduate from HS, I closed the account and gave her a check for almost 400.I realize this is not a lot, but I was 18 when I started this, and had very little money myself. It paid for her first semester of books. I think yours is a great idea.My kids have 529s. Twice a year, I get deposit coupons in the mail with my statements. Photo copy these and pass them out to other family members. They mail them in with their checks, and the deposits get made to the right account without actually giving out the account info. 