The final point still applies, but in reverse since your child is receiving the 1099-INT.
In this case the bank sends the child the Form 1099-INT showing the full amount of interest earned during the year. Unless you made deposits to the account, your child must report the entire amount on their taxes, unless they have no tax liability. If you contributed a significant portion of the funds and your child receives the Form 1099-INT, you can share the tax liability proportionally by filing a Form 1099-INT for your share. Frankly, that seems unlikely.
Answers are correct to the best of my ability but do not constitute legal or tax advice.
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