I have 2 children under the age of 4, with a combined total of around $3k in their savings accounts. Every birthday/holiday we put their money into their accounts, and don't keep any of it ourselves. We want them to have something to use for college/investing when they come of age, but obviously we are in charge of it until then. I don't want to put it in a 529, since I don't want to limit it to college, and CDs are practically worthless nowadays... what other options do I have? My wife wants to leave it in savings earning less than 1%, I want to invest it in a dividend paying stock (preferably a DRIP). What else would you suggest? An easy compromise would be much appreciated.