Savings account for grandchildren:

I am probably on the wrong thread entirely but as usual, some kind soul will help. :A

I have two grandchildren born after the £200 on birth government gift bond was stopped. I don't know what it was actually called. I want these two grandchildren to have some savings too so can anyone advise me on the best place to invest £100 for each of them?

I was thinking bank but very wary.

Any offering to add to a deposit of £100??? :TYou know the sort of thing: safest; ethical.....preferably not insurance of old Nanna included...;)
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