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Savings account for grandchildren living in Australia

Can anyone recommend the best account to deposit lump sums for three grandchildren living in Australia. We want to give them something for when they reach 18 years old (they are currently 14, 12 & 10). The oldest was born in the UK, but the other two in Austalia (in case this makes any difference!).

Would we be better looking at Australian Banks or are there UK banks offering this type of savings accounts?

thanks
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