<prompt> Human: Hi PF community!My nephew turns one in a little over a week, and my brother and I were looking into starting a bond for him so that he would have a nice amount to start out for when he attends college at least we hope hell go to college, and I was wondering what the best way to go about this is.Would we go about putting the bond in his name but him not be able to touch it until he hits 18?How much interest does a bond receive? Also, would we be able to add more to his bond every year? Or would that have to be a separate bond?Any other suggestions on what to do would be much appreciated!Thanks PersonalFinance!  <response>: Does the kid already have a SSN? You need one to put the bond in her name.Once you have the SSN, you simply exchange for a bond. You used to be able to do this at your bank up until 2012. Now you must order direct from Treasury.They give you a paper certificate that shows the face value.A series EE you pay units of 25 and receive a face value on the bond of 50, redeemable in 30 years. No interest interest on a bond is called a coupon if you hold until maturity.Then the parents can put the bonds in an envelope and not tell the kids until age 18 or better 25.There is no set interest for an EE Series saving bond if you hold it to maturity 30 years. Once you hold it 30 years, you redeem it for full face value which is twice what you paid for it. If you redeem the EE bond before maturity, you get the governing interest rate currently one fifth of one percent for the period of time you held the bond.Or, you could make it a little more complicated and ask the parents to open an account in the kids SSN or, the parents open an account FOR their children, the parents are the custodians and the kids are the beneficiaries. This is what the government really wants you to do. Once the account is open you can transfer money into the account and buy various bonds T-bills, I-bonds, etc direct from Treasury. Or, you could buy bond funds, bond ETFs, etc. That said, buying bonds especially paper bonds for kids is actually a terrible idea, for many reasons I wont go into here. Before buying the bonds might I suggest you consider looking into a 529 plans b Coverdell ESAs. c tangible assets d real estate as alternate forms of saving for the kids.Best... 