Best Saving Accounts for Kids

Ljc80_2

Just looking for some advise on the best bank/savings accounts to open for my kids, my son aged 7 and daughter  2

The 7 year old had a bank account opened when he was born by my wife that his grandparents will have been putting money into on birthdays, but it will just be a basic low interest account. My 2 year old hasn't had one opened yet and I've been getting nagged to sort it as I said id take charge of it all!

So I'm looking for suggestions what the best would be, savings/ISA etc?

Once opened we will put money in occasionally and the grandparents will continue to do so also. The aim of  course to be having a good pot for them when they are older. Ill move what is in the 7 year olds existing account over to his new one too.

xylophone

If it is intended that this money will not be required until the children are 18, had you considered a Junior ISA for each of them?

If you had thought about the stocks and shares option, Fidelity and Hargreaves Lansdown have been given favourable mentions on the forum.




https://www.gov.uk/junior-individual-savings-accounts

https://monevator.com/passive-fund-of-funds-the-rivals/

https://monevator.com/low-cost-index-trackers/

The best cash JISA currently  generally available is offered by Coventry BS.

https://www.thisismoney.co.uk/money/saving/article-1583863/Best-savings-rates-Junior-Isas-children-s-accounts.html 

j_netprofit

Opened a HL S&S JISA at the beginning of this year, first time I've used them and have found the platform very easy to use. Wouldn't hesitate to recommend.