Saving for Education, Entrepreneurship, and Downpayment (SEED) Policy and Practice Initiative is an American long-term savings and investment account policy and practice endeavor that develops, tests and impels matched savings accounts and financial education for children and youth.
[1] The SEED accounts are installed at birth with an initial deposit of $1,000, and accumulates over the span of a lifetime.
All the money will be invested in children’s savings accounts for future purposes.
[2] Established in 2003, the SEED initiative accrues deposits from family, friends, and accountholders themselves, as well as augmented by other public and private sources.
[2] Any SEED account policy should encompass the following specifications:[2] By initially investing $1,000 for a child at birth with a 6% rate of return will yield a resulted investment of $3,000 after 18 years.