Trump account is a non-deductible Traditional IRA for kids with no earned income. It isn’t as good as a custodial Roth IRA, a 529 plan, or a UTMA account.
Buy I Bonds in a Child’s Name: You Can, But Should You?
You can buy I Bonds in your kid’s name but you should first decide whether to add to their 529 plan or keep full control of the money in your own name.