A baby-on-the-way account is a high-yield savings product for parents who want to start their child’s financial future before birth. Since a kids investment account is legally required to have a Social Security number (SSN), this account offers a place to grow savings until then.
All baby-on-the way accounts are enrolled in the FDIC Sweep Program through Apex Clearing Corporation (“Apex”) with no other investment options.
It’s a smart, temporary stop before investing—so when your baby arrives, you’ll be ready to transfer funds and access higher growth potential. It’s also perfect for collecting gifts from family and friends, giving your child an early financial head start.