Jack Dorsey's Block Launches Interest-Bearing Savings Accounts for Children
Jack Dorsey's fintech company Block, Inc. (NYSE: XYZ) has introduced parent-managed savings accounts for children aged 6-12 through its Cash App, offering 3.25% interest. These accounts allow parents to manage their children's finances, including setting aside savings and tracking spending, but do not include Bitcoin services. The feature aims to help children develop good financial habits early.
Tickers: $XYZ
Topics: Block Inc. Cash App children's savings accounts financial education fintech