What's best to do with my DC's money?

[RosehipOil]

I have 2 DC and we have been putting aside money for them for Uni.

DC1, year 11 so 2 1/2 years to Uni. We have 11K savings for them.

DC2, year 8, also 11K savings but they have 5 and a half years till Uni.

I was paying £100 a month DD into an account for each with an interest rate of 6%, now 4.5% and now they won't give it to the 16-year-old, but will the 12-year-old until 16. At the end of the year, the money has to then be transferred out of that account into a savings account where each 11K is being held.

This money is for Uni only, so don't want high risk.

What can I do with this money?

Well done for being so organised!

Maybe put some into shares. If you have 5 years, keep most in high interest accounts, but drip feed a little into a share dealing account. Put what you can risk losing, no more.

IG accounts or the new kids Revolut app might be one to consider. You can teach them about money and trade shares or buy into a fund.