Children’s saving account

[mrssunshinexxx]

Hi any recommendations for the best place to put my 3 children’s savings to grow?

So many variables -

1. do you want them having access to it at 18 to do with the money what they please? In that case a Junior ISA
2. Do you want to hold the money in your name and account? In that case your own standard highest interest savings account or Stocks ISA
3. Do you need to convince benefits that you don’t have personal savings beyond a threshold? Then kids savings accounts in their name.
4. do you want to regularly trickle in money or lock away a lump sum? Entirely different accounts for those purposes.

Id open your own stocks and shares isa on vanguard, put the savings into either the S&P fund (slightly riskier but higher growth) or the all world fund (still good returns, slightly more secure). Both these funds should get you average 10% per year and if you contribute a little bit each month they could have 10 - 20k when they turn 18!

You can of course do a general savings account but will return a lot less