Money to children/grandkids

monkey14769

Ok 1st time posting,
I've come into some money and want to give my 2 boys 10k each and 2 grandchildren 5k each.
The boys are easy one wants to use it as a house deposit with is help to buy isa and the other a car for his family.
But my grandchildren are 9 and 12 respectively and I want to put it in something at least till they 18 and the jisa I've seen is the Coventry one, but as its a lump sum and then money in at special occasions is it still the best one .
Any advise is greatly appreciated. 
Thanks
Monkey

dunroving

If you are looking at a 6-year and 9-year timeframe, maybe consider low- to medium-risk investments, held in bare trust? 

It depends on whether (a) you want them to know the money came from you, and (b) you want your contribution held separately from moneys that other people have given them. The problem with a JISA is that "your" money will get mixed with "other" money.

The plus side of a JISA is that it is zero risk, and JISAs have better interest rats than ISAs (2.5% to 2.95% by the looks of it), whereas even a low- to medium-risk investment account held in bare trust carries some risk.