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Premium Bonds or similar for children? Help please?

Hope this is the right board, please move it or advise if it's not and I'll re post!

There are two friends who have children and I would like to gift some sort of future investment to the little 'uns. The children are aged 2 and 4. One lives in Wales and one in England (not sure if that makes any difference but thought I'd mention it).

As they both live some distance away from me, I don't really know what to buy them for presents as I don't see them that often and I was thinking about hopefully, contributing to their financial future, even if in a small-ish way.

Can anybody advise what type of thing I should be looking at or considering?

Thank you very much for any pointers.

Maz
'The only thing that helps me keep my slender grip on reality is the friendship I have with my collection of singing potatoes'

Sleepy J.

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