<prompt> Human: Ok so I plan that every check I get, I will put away 10 dollars into a bank account I will make for him. I only make about 120 a week, I know I know I am trying here to get something better, nyc is brutal! Here is the thing, I heard about something where if you put money away at a bank, it can grow through the years by a percentage or something? Which bank will make it grow the most for him? I am in NY. Or is there a better way to help his money grow so by the time he is in his 20s, he will have a start in life and not struggle like me. I dont want him to ever ever struggle like I do now, its horrible!  <response>: If you are struggling, you should really look after yourself first. There will be time to help him later.If you do want to grow the money, you should look for something with a larger possible return, or the value of the money will erode over time due to inflation. At least a high-yield savings account like Ally or Marcus GS Bank. 