My kids already have long term saving policies that they won't be touching until they are adults. We pay into them every month and they are building up nicely.
However, after counting the money in a piggy bank and discovering there was £400, I would like to get them a more accessible account that they could take money if they wanted to buy something or for holidays etc. It seems silly to have that kind of money lying around the house. I don't know at what age they can use a bank card/contactless etc.
I'm not interested in a Go Henry account because I don't want to be paying for the account or be putting in regular amounts. This is purely for putting in pocket money/birthday money etc that they can take out and spend if they want to.
I'd be grateful for any advice.