Hi all, my daughter is 19 years old and has zero credit. She has roughly 10K that I would like for her to get into a HYSA. The issue is that since she has no credit, nobody will accept her -- I even tried opening up a joint account (at a place where I have a personal HYSA, and my husband I have have a joint account) and ZILCH, won't work.
She did open up a Roth at Fidelity, but she's using that for investing for her retirement and she has maxed that out.
We need something that is relatively liquid, but provides more than the 2% max she can get from a brick and mortar bank. I looked at CDs at Fidelity (where her Roth is at) and am wondering if she should stuff it into a 3-month and keep rolling it over when it's due? FYI when I say "relatively liquid" what I mean is that I can lend her whatever of her $10k that she may need at any time and she can pay me back the principal (cuz I'm a nice mom and won't charge her interest) when the CD comes due. Any other suggestions? It would be a shame to have $10k doing nothing for her.