Cash accounts aren't paying particularly well at the moment and, given that you're looking at an 18 year investment, you could afford to take a little more risk in pursuit of a better reward i.e. stocks and shares. If your youngest was born after Jan 2011 you could compare Junior ISAs - there are cash or stocks and shares versions.
Hi There, My youngest has received some money for his Baptism which I would like to put away for him. With my first two children I invested their money into the government initiated Child Trust Fund Account. For all 3 we choose Cash Accounts with Natwest. Being a creature of habit before I do the same for my 3rd child.. can anyone suggest a better Investment route to follow. Many thanks Mandy