I'm trying to find where this was searched and I can't find it anywhere. Also this is from 2011 so I'm going to go ahead and assume that any info I will find will be different that what is true currently or at least a lot of it.
I would like to open some sort of saving account (maybe even 2 of them) that I will be able to add in a certain amount of money every month for 18-20 years and than open it up and use it (for the second account I'm thinking to save money for even longer).
Since I'm not from here I need help with a few q.s
1. What are these accounts called?
2. I was told years ago that there is a type of saving account in the USA that if you close a certain amount in it for a certain amount of time they will give you very high interest rates does that exist really?
3. Would that be the way to go?
4. What bank would you recommend as the best one for this?
5. I'm thinking along the line of a few things that would help me if I would be able to do in the same time for example some kind of way of depositing with gift cards so I can earn some miles along the way, also if they have a way to easily deposit would also be a big plus (I saw some banks have the option to deposit checks through the phone).
6. Is there anything else I need to know?
TIA