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[ad_1] Ahead of the Congress’ Chintan Shivir in Udaipur from May 13 to 15, the Congress Working Committee met on Monday to deliberate on the various issues which would be taken up during the brainstorming session in Jaipur. At the meeting, party president Sonia Gandhi sent out a clear message to critics within the organisation, saying that self-criticism is needed in party forums but it should not be done to erode self-confidence and morale, as she asserted that it is time “to repay our debt to the party”. She sought the cooperation of all leaders in sending across the message of unity, cohesion and commitment to ensure the party’s accelerated revival, while underlining that “there are no magic wands”.  Addressing top Congress leaders at the party’s working committee meeting, she said the Chintan Shivir should not become a ritual and it should herald a restructured organisation to meet the ideological, electoral and managerial challenges ahead. “Self-criticism is of course needed in our party forums. But this should not be done in a manner that erodes self-confidence and morale and an atmosphere of gloom and doom prevails. To the contrary, we are beholden to put our heads together and together, collectively overcome the challenges that face us,” Gandhi said. “This requires that the Chintan Shivir (brainstorming session) does not become a ritual, something we must just get through. I am determined that it should herald a restructured organisation to meet the many ideological, electoral and managerial tasks we confront,” she said. The Congress chief said that “there are no magic wands”. It is only with selfless work, discipline and a sense of consistent collective purpose that “we will demonstrate our tenacity and resilience,” she said. “The party has been central to the life of each and every one of us. It has expected our total allegiance and has been good to each and every one of us. Now, when we are at a crucial juncture, it is imperative that we step forward and repay our debt to the party in full measure,” Gandhi said at the party’s top decision-making body — Congress Working Committee (CWC) — meeting here. In a press conference after the CWC meet, Congress leaders Jairam Ramesh and Randeep Surjewala said the aim of the shivir is to prepare a new action plan and road map to get the party battle-ready for the 2024 Lok Sabha and upcoming assembly elections. “It is not a destination it is the beginning of a long journey. It is a milestone. After each of the Chintan Shivirs, the organisation has undergone transformation, this is a transformation of unprecedented magnitude,” Ramesh said. He said there are serious challenges before the country, and the Congress and the people expect the party to play a role. “The fact that we are holding the shivir is in itself a message that the Congress president means business.” Gandhi also talked about the deliberations to be held at the shivir which will be in six different groups – taking up political, economic, social justice, farmers, youth and organisational issues. The Congress chief said delegates have already been informed about the groups in which they are expected to participate and on May 15, the party will adopt the “Udaipur Nav Sankalp” after it has been approved by the CWC there. “I request your full cooperation in ensuring that the single over-riding message that goes forth loud and clear from Udaipur is one of unity, cohesion, determination and commitment to our party’s accelerated revival,” she said. Gandhi said around 400 Congress members will be attending the shivir and stressed on the message of every leader holding one party post. The party has made every effort to ensure a balanced representation from every angle, she said. Surjewala said the aim is to prepare a new constructive role for the Congress as an opposition party as per people’s aspirations, come true to people’s expectations by internalising transformations and bring forth a new resolve. “The aim of the Nav Sankalp Shivir is to rise to the expectations of people after bringing about organisational changes, and come out with a new pledge to save the country,” he said, adding, that is why six separate groups were formed to take up the challenges on various fronts. The conveners of the six groups gave detailed reports and plans, and CWC members discussed these as well as put forth their views, Surjewala said Detailed discussions on all these issues will be held at the session in Udaipur, he said. Ramesh said the session will help make the Congress a rejuvenated and strengthened party to deal with the political and other challenges before it. Organisational changes will also be an outcome of the shivir, he said. “We are not going to Udaipur to draft an action plan to strengthen the Congress to deal with the political, economic, social and other challenges,” Ramesh said. He said this is the fourth Chintan Shivir, after the ones in Pachmarhi in 1998, in Shimla in 2003 and in January 2013 in Jaipur. Fifty per cent of the delegates for the upcoming shivir are below 50 years of age and around 35 per cent are below 40 years. Twenty-one per cent are women, representing different sections of society, Surjewala said. CWC members, including special and permanent invitees, state presidents, CLP leaders, former Union ministers, AICC secretaries and joint secretaries, all MPs, presidents of various AICC cells and departments, all national office-bearers of party wings, besides 50 party leaders who are part of the coordination panel or selected by party chief, are among the 422 invitees for the session, he said. At the meet, the CWC approved an amendment in the party constitution to include digital membership and decided that Ladakh will have a separate Congress territorial wing.  (With PTI inputs) [ad_2] Source link

[ad_1] Today only, Amazon is having a sale on Skin Care and Personal Care! Plus, many of these items have extra coupons you can clip to save even more! Here are some deals you can get… Get this Dove MEN+CARE Body and Face Wash (4 count) for just $12.41 shipped when you clip the 25% off e-coupon and checkout through Subscribe & Save! Get this Dove Nourishing Secrets Shampoo (6 count) for only $11.39 shipped when you clip the 15% off e-coupon and checkout through Subscribe & Save! Get this AXE Body Wash (4 count) for just $9.39 shipped when you clip the 15% off e-coupon and checkout through Subscribe & Save! Get this Dove Refreshing Body Wash with Pump (3 count) for just $14.87 shipped when you clip the 25% off e-coupon and checkout through Subscribe & Save! Get this Dove Men+Care Revitalizing 2-in-1 Shampoo and Conditioner (4 count) for just $12.48 shipped when you checkout through Subscribe & Save! Shop the entire sale here. Sign up for a free trial of Amazon Prime to get free two-day shipping (and possibly one-day or same-day shipping!) with no minimum. If you’re not sure Prime is worth it, read this post for some helpful info to help you decide! And don’t forget you can sign up for Swagbucks to earn free gift cards to use on Amazon deals! [ad_2] Source link

[ad_1] Proxy advisor recommends voting against Halliburton's pay plan – company [ad_2] Source link

[ad_1] The stage is set for the 5G auctions to take place in June or July at the Telecom Regulatory Authority of India’s (Trai) determined prices. However, the government has the option to offer the telecom operators either 20 or 30 years after the auction. The price for 30 years would be 1.5 times more than 20 years. Trai on Monday wrote back to the department of telecommunications (DoT) that it is up to them to decide upon the tenure of the spectrum assignment – 20 years or 30 years. The Digital Communications Commission (DCC) had earlier decided that an option should be given to the operators but needed to seek Trai’s view as per the procedure. Last year in September, they had announced that henceforth spectrum after auctions would be given on a 30-year lease.The DCC had not differed with the Trai on the reserve price though the operators had raised concerns regarding it being high. Trai, however, did not agree with DoT’s views that minimum rollout obligations should apply in a combined manner to 3300-3670 Mhz bands and 24.5-27.5 GHz bands. The regulator said imposing combined rollout conditions on telecom operators acquiring spectrum in one of these bands will not be justifiable. Moreover, combined minimum rollout obligations may also open doors for hoarding of spectrum in one of these spectrum bands, leading to underutilisation of valuable natural resources viz. spectrum. On private networks, Trai said DoT should utilise the option of leasing spectrum to meet the demand for private networks. Further, the telecom regulator did not agree with DoT’s views about seeking the Authority’s recommendations before the conduct of every (annual/shorter interval) auction, as this would not be necessary unless DoT concludes that the changes in the techno-commercial ecosystem and other factors warrant a fresh valuation. It agreed to DoT’s views on reserving spectrum for BSNL and the Railways and not auctioning 27.5-28.5 GHz in the upcoming sale. Regarding spectrum in the 27.5-28.5 GHz band and its allocation, Trai said it is for the DoT to decide. The satellite players have been demanding the frequency range. The DCC has decided not to put the spectrum in the upcoming sale. [ad_2] Source link

[ad_1] Home prices in the U.S. have been skyrocketing since 2020, however, I often like to remind people that no matter how crazy home-price growth is in America, at least we aren’t Canada. When it comes to home prices — and especially home prices compared to income — our neighbors up north are like Godzilla to our gecko. Over the weekend, I tweeted several charts, showing people the big divergence between home price growth and real disposable income in the two countries. The average home in Canada is now nearly $650,000 in U.S. dollars, which is more than nine times household income. This divergence isn’t limited to Canada — we aren’t like a lot of other countries around the world either. As you can see below, home prices have deviated from disposable income in a much larger fashion in other parts of the world, making the U.S. look very cheap. Knowing this reality, my priority before 2020 was trying to convince people that the U.S. wasn’t in a second housing bubble. To persuade people of this, probably one of the most important articles I have ever written in my life was in 2019, titled: Housing Bubble 2019? This was my best attempt to convince the housing bubble boys that what they believed in is more fabrication than reality before the years 2020-2024. It’s now evident that housing did not collapse and in fact home prices are savagely unhealthy. And it’s not just here in America. As you can see above, other countries have experienced steep home-price growth and Canada is leading the way. Will the U.S. housing market follow Canada? In short, the answer is no, we won’t have the type of home-price velocity that Canada has experienced because our housing market is more diverse than theirs. What I mean by that is Canada’s home-price growth has been significantly — even overwhelmingly — influenced by its two major cities: Vancouver and Toronto. While the U.S. has its high-priced metro areas, our size and diversity mean that our national home price index won’t ever be driven by just two cities. In addition, the U.S. housing market is more tied to mortgage buyers. Unlike those two cities in Canada, we aren’t as reliant on foreign buyers to such a great extent. Just last month, Canada’s prime minister proposed a two-year ban on some foreign investors buying Canadian real estate to try to tame price growth. Here in the U.S., foreign buyers have always been less than 300,000 of total home sales for many years. When you think about our total home sales being between 5-6 million, foreign investment isn’t that much. Size also matters. Canada’s population is near 38 million, whereas the U.S. population is near 332 million. We are a monster compared to them in population and the majority of homebuyers in America use mortgages. When mortgage rates rise, two things always happen here in America. 1. The days on market grow, which gives people more choices and less forced bidding.2. The growth rate of home prices slows down. We saw this in 2013-2014 and 2018-2019. Home prices cooled down, and the days on the market grew. Even though nominal home prices never declined, the growth rate in pricing cooled. This should not change. I’ve tried to stress that we need to worry about home prices getting overheated in 2020-2024, but not because of some massive credit boom like we saw from 2002 to 2005. As we can see below, our current situation isn’t about mortgage credit getting out of hand. This year purchase application data will have its first real year-over-year decline since 2014. Because the largest number of homebuyers in America are mortgage buyers, this will keep home prices in check when rates rise. Knowing that demand in the years 2020-2024 has had the potential to break out, I set a firm five-year home-price growth model of 23%. Breaking that threshhold would mean we are in unhealthy home-price growth land. That level lasted only two years, and home-price growth worsened early in 2022. Luckily, all we needed was the 10-year yield to get above 1.94% to create balance, and since home-price growth has been so hot since 2020, we will see some balance in home-price growth. This will prevent America from experiencing a parabolic growth of home prices breaking above disposable Income, as Canada has experienced. What I see in the chart below is beautiful; yields are rising and taking some of the excesses out of the economy! The timing of this rise in yields was unique as It was early in February of this year that I went into “team higher rates” mode. On Feb. 20 I pinned a video on my Twitter account as a desperate plea that we needed higher rates to stick. Bond yields and rates took off from that point.   Home-price growth has seen many levels post-1996; the reality is that demand has been stable enough to keep inventory at bay (outside the housing bubble credit boom and bust). Another factor in our low house prices (compared to other countries) is that other countries never had the excess credit leverage we saw in the U.S. from 2002-to 2005, which led to forced credit selling. This is why I believe Canada and other parts of the world have had continued home-price growth, while the U.S. had to deal with its credit bust. As we can see below, we needed to deleverage a lot of housing debt as credit in America was getting worse in 2005 through 2008. Then, after all that, the great financial crisis happened. A lot of mortgage debt went away due to foreclosures and short sales, bringing home prices way down. Currently, the balance sheet of the U.S. homeowner looks great, in fact it’s never been better. The housing crash premise that home prices have to go back to 2012 levels is crazy. Housing debt doesn’t work like margin stock debt. A stock can fall 40% in one day, whereas a home

[ad_1] Last week on the podcast, we mentioned our daughters going to prom and how they wanted to go with their dates together. We talked about how their relationship has developed and some of the different seasons they have walked through. A number of people wrote in and asked how our daughters developed such a close relationship. Well, it definitely wasn’t always like that! In fact, the girls are SO different than I never, ever expected they’d one day be best friends. For years, they were constantly frustrated and irritated with one another.  We asked them for input and thoughts on what made a difference and changed their relationship. In this episode, we shared three keys that Kathrynne shared that she felt were a big part of the change in their relationship. Jesse and I close out this podcast episode with a few more thoughts from our perspective, including loving your kids right where they are at instead of being frustrated at them for not being where you wish they were. We also discuss how important it is to talk positively about them — not only to them, but to others, as well. In addition to talking about our kids’ relationships, I have a book update and we share something fun we’ve been doing as a family. In This Episode [00:34] – Welcome to another episode of The Crystal Paine Show. [01:45] – I asked for the girls input on deepening their friendships. [02:22] – I have a reading update to share with you. [05:35] – What’s saving our life this week? This week is something fun. [11:38] – How did our daughters become best friends? [12:24] – Don’t force your kids to be best friends. [14:44] – Learn emotional language. [17:29] – When the girls started to learn to say, “When you did that, it made me feel like this”, it changed their relationship. [21:21] – Jesse brings the aspect that may encourage your kids to be friends, if they see that in your marriage. [21:55] – Give it time. [25:57] – How to foster a sense of family togetherness. Links & Resources Links & Resources Wordle Game Books Gentle and Lowly: The Heart of Christ for Sinners and Sufferers by Dane C. Ortlund Love-Centered Parenting by Crystal Paine 10 Days to Be a Happier Mom Sign up for the Hot Deals Email List MoneySavingMom.com My Instagram account (I’d love for you to follow me there! I usually hop on at least a few times per day and share behind-the-scenes photos and videos, my grocery store hauls, funny stories, or just anything I’m pondering or would like your advice or feedback on!) Have feedback on the show or suggestions for future episodes or topics? Send me an email: crystal @ moneysavingmom.com Sponsor Spotlight: CodeSpark Academy Do you have kids who love science, technology, or STEM-related activities? If so, you might want to check out CodeSpark Academy — an online program that teaches kids ages 5-9 how to code and use critical thinking skills. CodeSpark is the #1 learn-to-code app, teaching kids the ABCs of coding and basic computer programming skills — all without having to know how to read! Based on research-backed curriculum from MIT and Princeton, this highly-rated educational app features hundreds of activities and games designed to teach kids the fundamentals of computer science and introduce them to the world of STEM. In additional to learning how to code, this app also teaches basic problem-solving and logical thinking skills, encourages profound creativity, instills persistence and resilience, and boosts confidence in kids. Better yet, the games are so fun to play, most kids won’t even realize they’re learning while playing! When you sign up for your first FREE month of CodeSpark Academy, you get: Unlimited coding challenges New skills every week Hundreds of educational puzzles Unlimited access to their creativity suite Free CodeSpark Academy 30-Day Trial Right now CodeSpark Academy is offering our readers/listeners an exclusive deal to get a FREE 30-day trial! Typically, you only get a free 7-day trial, so this is a really great opportunity for your kids to try it out and see if they like it! Just go here and use coupon code MSM30 to get your free 30-day trial. Note: When you take advantage of this offer, you’re signing up for auto-renewal at the regular price of $9.99 per month. If you love the program after your free trial, you can continue. If you want to cancel after your free trial, just be sure to cancel the auto-renewal in your account to avoid getting charged. [ad_2] Source link

[ad_1] S&P 500 ends below 4,000 for 1st time since March 2021; growth shares lead decline [ad_2] Source link

[ad_1] Broiler chicken meat prices have witnessed a sharp rise in the last couple of months because of higher feed cost and robust demand. According to the Poultry Federation of India (PFI), the rise in poultry feed prices has led to an increase in cost of production, which has pushed up farm gate prices across the country. Additional costs like air-coolers and higher electricity consumption, along with labour costs, also inflate the cost of production of broiler birds in the summer months, when demand remains robust. Trade sources told FE that wholesale prices of live broiler birds are currently ruling at Rs 138-140 a kg across key producing states, up from around Rs 120 a kg a year ago. For the retail consumer, the chicken prices are ruling at Rs 240 to Rs 250 a kg, against Rs 210-220 a kg prevailing a year back. According to industry estimates, 650 grams of meat is derived after culling a 1-kg live broiler bird. “Cost of production has increased by 20-25% this year,” Ricky Thaper, treasurer, PFI, said. Thaper said that poultry feed cost, which accounts for around 65% of the cost of production for broiler birds, has increased to Rs 47,000 a tonne from Rs 42,000 a tonne a year ago. Poultry feed constitutes about 60% grains (maize, broken rice, bajra or wheat), 35% soyabean, groundnut or sunflower meals, and around 5% vitamin premix and calcium. In the last couple of months, there has been a 25-30% increase in feed cost as maize rates have increased from Rs 20,000 per tonne to Rs 25,000 per tonne, and soyabean meal rates have increased from Rs 55,000 per tonne to Rs 68,000 per tonne. According to an official with the Telangana-Andhra Pradesh broiler coordination committee, because of the onset of summer, transportation of broiler birds has become quite expensive, and mortalities in transit are high. “While demand for poultry meat is robust, transportation of birds becomes challenging, leading to higher mortalities and lower supplies, thus pushing up prices,” an official said. Because of the spike in prices, inflation in chicken prices rose by more than 20.74% in March 2022, while the overall food inflation in the meat and fish category was 9.63%. However, fish and prawn price inflation witnessed a moderate increase of 3%. As per the Department of Animal Husbandry and Dairying, more than 80% of India’s poultry meat is produced by organised commercial farms and the rest is produced by backyard poultry, mostly in rural areas. Of the commercial broiler production, major poultry companies that follow vertically-integrated operations have a share of 60-70%. India’s poultry meat production was estimated at 4.44 million tonne (mt) in 2020-21, as against 4.34 mt achieved in the previous fiscal. Maharashtra, Haryana, West Bengal, Tamil Nadu, Andhra Pradesh and Telangana contribute more than 80% of the country’s poultry meat production. [ad_2] Source link

[ad_1] California-based Owning Corp., a direct-to-consumer mortgage lender acquired by Guaranteed Rate in February 2021, is planning a workforce reduction amid higher mortgage rates and lower refinance volumes. According to a Worker Adjustment and Retraining Notification (WARN) notice submitted to the Employment Development Department (EDD) in California, the company cut 108 jobs in three rounds from February to April but intends to add 81 to the list. “A total of 189 individuals have and will be impacted,” wrote Tammy Jetton, executive vice president of human resources at Guaranteed Rate, in a letter to EDD on April 18 reviewed by HousingWire. Affected employees will receive 60 days of equivalent pay and benefits. The layoffs affect mainly mortgage consultants, specialists, and assistants, but it targets underwriting and closing professionals. The list includes top executives, such as lending directors and vice presidents for credit and underwriting.   HousingWire sent a message seeking comment to Guaranteed Rate, which was not returned. Founded in 2001 in Chicago, Guaranteed Rate picked up Owning to further accelerate expansion in the direct-to-consumer segment, said the lender’s president and CEO Victor Ciardelli during the deal announcement. Owning’s platform processed more than $20 billion in total loan volume in 2020. It specializes in low-rate mortgage refinances, in which it originates a loan with no closing costs, including appraisal, credit report, escrow and title. Guaranteed Rate is ranked No. 7 among the biggest lenders in the U.S., according to Inside Mortgage Finance (IMF). The lender’s origination volume reached $17 billion in the first quarter of 2022, down 25.8% quarter over quarter and 48% year over year. Surging mortgage rates are reducing margins and volumes. In this context, Owning is the second company acquired by Guaranteed Rate in 2021 to face layoffs in the challenging mortgage market this year. Early in January, Texas-based Stearns Lending, acquired in January 2021 from the financial giant Blackstone Group for an undisclosed sum, laid off 348 workers following the decision by Guaranteed Rate to discontinue operations of its third-party wholesale channel.  Stearns, founded in 1989, had a sizable partnership business, led by Steve Stein, a more limited retail operation, and a wholesale channel that was the largest in the industry as recently as 2013 but has lost market share to UWM. But Guaranteed Rate now has a “laser focus” on leveraging its purchase platform augmented by the lender’s top officers, said Ciaderlli in an email to brokers announcing the closing of Stearns. He added that to ensure success, the company “sometimes makes hard decisions,” according to the email reviewed by HousingWire. Guaranteed Rate is just the latest lender to face layoffs, following others such as Interfirst, Mr. Cooper, Union Home Mortgage, Flagstar, Wells Fargo and Better. Rocket has not laid off workers but has offered a voluntary buyout to some of its staff. The post Guaranteed Rate’s Owning continues layoffs appeared first on HousingWire. [ad_2] Source link

[ad_1] The post 13 Best Banks for Kids in 2022 appeared first on Millennial Money. Explore the best banks for kids to help your kids develop good financial habits early. Take my word for it: It’s never too early to start thinking about your kid’s financial future. In fact, research suggests that young people have the developmental ability to understand saving by the time they’re 5 or 6. This means that good (or bad) habits can start early. One of the best ways to get your kids on the right trajectory is to set them up with their own bank account. Whether it’s a checking account, savings account, or even a prepaid debit card, early access to banking can help kids get the hang of budgeting. Rather than simply piling up loose change in a piggy bank, a kids’ bank account exposes young people early to financial principles that will serve them down the road into adulthood. In this post, I’ll cover the best banks for kids in 2022. From big-name traditional banks to online options and kid-only platforms, keep reading for a look at the best options to help your kids get off to the best financial start possible. Chase Bank: Best Overall Axos Bank: Best Online Bank Alliant Credit Union: Best Credit Union Capital One: Best Checking Account Greenlight: Best Prepaid Debit Card FamZoo: Best Educational Resources GoHenry: Best For Young Kids PNC Bank: Best Savings Account Wells Fargo: Best for Young Adults Copper: Best for Teens Bank of America: Best for Students TD Bank: Best Customer Service Jassby: Best for Financial Literacy What Is a Kids’ Bank Account? A kids’ bank account is a deposit account designed for people under the age of 18.  Usually, these accounts are either: custodial, where a parent or guardian owns the account on a child’s behalf; or jointly held, where both parent and child have account ownership. These bank accounts are more than just a place to store your kid’s money. Most of them come with useful educational tools, low fee schedules, and overdraft protection. In general, kids’ accounts give young people a window into the adult banking world. They function similarly to adult accounts but aim to create an environment conducive to financial learning. Now that you have a better idea of what kids’ bank accounts are, let’s take a look at the best banks for kids. 13 Best Banks for Kids’ Accounts 1. Chase Bank: Best Overall Chase First Banking is one of the best kids’ banking platforms around. First Banking is available exclusively to current Chase customers and sets your child up with a hybrid bank account to spend, save, and earn. There are no monthly fees, and kids can get cash from Chase’s 16,000 ATMs for free. Plus, parents can set custom spending and withdrawal limits and get real-time transaction alerts through the Chase mobile app. If you aren’t a current Chase customer but like the sound of Chase First Banking, Chase makes it worth your while to join with some of the best sign-up bonuses in the industry. 2. Axos Bank: Best Online Bank If you want to get your kid involved with online banking, Axos has arguably the best online-only teen account available. Axos First Checking is available to kids aged 13 to 17 and comes with a 0.10% APY on deposits. There are no monthly maintenance fees or overdraft fees, and ATM fees are reimbursed up to $12 per month. The account also has built-in daily transaction limits. Teens can withdraw up to $100 per day and won’t be able to spend more than $500. First Checking is a joint account, and parents can monitor spending through real-time alerts in the app. 3. Alliant Credit Union: Best Credit Union Alliant Credit Union’s Kids Savings Account is one of the highest-earning accounts for young people that you’re likely to find. If your child keeps at least $100 in the account, they can earn a 0.55% APY on deposits—which is more than most adult options pay. The account is available to current Alliant members and doesn’t have monthly fees or minimum deposit requirements. You can easily transfer funds from your own Alliant account for allowance or birthday gifts, and as a joint owner, you’ll have full account access. Kids Savings is only available to children 12 and under. But if you’re looking for an option for your teenager, Alliant also offers a Teen Checking account. Teen Checking is an interest-bearing account with a 0.25% APY. There’s no monthly fee or minimum balance requirement, and teens get access to 80,000 fee-free ATMs plus $20 per month in fee rebates. 4. Capital One: Best Checking Account Capital One is a hybrid bank, so teens can get a sense of online and traditional banking. With the MONEY Teen Checking account, kids earn 0.10% on any balance and won’t have to worry about any monthly fees or balance minimums. The account is designed with teens in mind, but it’s available for anyone 8 or older. Parents get a separate log-in to monitor spending and look for teachable moments, and the account comes with free access to a network of more than 70,000 ATMs. Plus, you don’t need a Capital One account to sign your kid up. Parents can transfer funds to a MONEY account for free from any account. Capital One also offers Kids Savings, which comes with a 0.30% APY on all balances and no monthly fees. The account automatically converts into a 360 Savings account when your child turns 18 and easily links to your own accounts until then. 5. Greenlight: Best Prepaid Debit Card Greenlight is one of the best-known kids-only banking platforms, offering debit cards for kids through its FDIC-insured partner bank, Community Federal Savings Bank. Greenlight is app-based and provides modern tools to help you raise finance-savvy kids. In the app, kids can check off chores to earn payouts, set savings goals, and even try out fractional share investing. With Greenlight, you can manage