Children’s Ethical Savings Lump Sum/Regular Saver

my_new_username

I have 2 children aged 14 & 11 and a Halifax monthly saver account for each, into which I save £100 per month. The total is transferred annually to the kids saver which is currently getting a pitiful 1.04%. They have around £13.5k & £10k each in them respectively. I need to find a new long term savings account for this that I can either top up annually or move the regular 
on they payments to as well. 2 snags, firstly 

I don’t want them to be able to the access the money at 18 or even 21 tbh. Secondly I would much prefer if the money was invested ethically. I already have a personal 3 year green savings bond with NS&I so assume this is out. I’d really like to lock the money away but recognise I should be more on top of it to maximize (within the realms of ethical investments) their investment. I don’t want to save with any risk attached as saved this money through some very tough times on my own so to lose it would be devastating. Ethical investment is if a greater priority than paying tax on their interest.

Any advice would be very gratefully received thank you 

born_again

Childs ISA?

kempiejon

What's your expectation of them such they couldn't have their/your money until they're well into their 20s or beyond? Anyhow, while you try to ingrain in them the right attitude to dealing with money what sort of ethical investing are you looking for, combating climate change or biodiversity loss, education for poor children, healthcare social inequality it's a big subject.
A good bet to lock away for a long time there's a SIPP, they cannot get it until 57 but by the time they're 57 it might be a different number if SIPPs are still around. I'm interested in ethical investing in companies and business with strong ESG credentials but you say you don't want to take any risk so do you mean only in cash savings? That's not especially ethical or not in my understanding, unless you think banking is OK. Cash only I think is a big risk for a 10+ year timeline as inflation will eat your dinner.

Junior Individual Savings Accounts (ISA) mentioned can hold cash or equities, there's a £9k per year cap and the children control it from 16 but cannot withdraw before 18 so rules that out I guess.
So either it's in their name and they can access it at 18 JISA, lock it up until they're 60ish in a SIPP or keep it in your own name for them.

DRS1

emmaggreen said:

I have 2 children aged 14 & 11 and a Halifax monthly saver account for each, into which I save £100 per month. The total is transferred annually to the kids saver which is currently getting a pitiful 1.04%. They have around £13.5k & £10k each in them respectively. I need to find a new long term savings account for this that I can either top up annually or move the regular 
on they payments to as well. 2 snags, firstly 

I don’t want them to be able to the access the money at 18 or even 21 tbh. Secondly I would much prefer if the money was invested ethically. I already have a personal 3 year green savings bond with NS&I so assume this is out. I’d really like to lock the money away but recognise I should be more on top of it to maximize (within the realms of ethical investments) their investment. I don’t want to save with any risk attached as saved this money through some very tough times on my own so to lose it would be devastating. Ethical investment is if a greater priority than paying tax on their interest.

Any advice would be very gratefully received thank you 

This is not generally something you can do.  They have the right to the money at 18.

Apart from the Junior SIPP the only thing I can think of is to wait until they are 17 and then stick the money in a 5 year bond.

There are children's accounts paying more than 1% eg this Junior ISA
Junior Cash ISA (2)

xylophone

You (parent) have provided/are providing the capital to your minor unmarried children.

Are you aware of the £100 rule?

https://www.gov.uk/savings-for-children

Would it not be better to use the JISA route this year and thereafter and teach them the value of savings?

Otherwise, had you looked here

https://www.ecology.co.uk/about-us/

my_new_username

Smashing, all advice valuable, thanks very much