So the same rules as UTMA accounts, yes? Except the kids’ UTMA accounts at the local bank get essentially 0% interest rates (or slightly more with long-term CD’

So the same rules as UTMA accounts, yes? Except the kids’ UTMA accounts at the local bank get essentially 0% interest rates (or slightly more with long-term CD’s), while TreasuryDirect I Bonds get them over 7%. And perhaps this will also provide an incentive for the kids to not blow all their money so easily some day, when they’re of age to receive it, since the bonds if unsold will keep accumulating interest for 30 years (by which point the kids will be middle-aged and hopefully more mature), the clunky TreasuryDirect web interface makes it hard for them to sell and transfer proceeds anyway, and none of it is linked to a debit card like an UTMA bank account or UTMA brokerage account. Sounds like a pretty good piggy bank.