Answer:
Any restrictions on permissible investments in a UTMA would come from the law in that state; i.e. look at your state's version of the UTMA.
Generally, a time deposit in a bank is an acceptable investment.
Any restrictions on permissible investments in a UTMA would come from the law in that state; i.e. look at your state's version of the UTMA.
Generally, a time deposit in a bank is an acceptable investment.