Custodial account — meaning explained

Custodial account: An investing account an adult holds for a minor.

What it means

A parent or guardian manages it until you reach the legal age, then it becomes fully yours. It's the standard way under-18s invest legally.

Category

Money — part of the free InvestED Academy investing glossary for teens.

See it in action

Practise with real prices and fake money in the market simulator, or start the free course at module one.