DC been given lump sum - what is the best savings account (where they can't touch the money)

[TolpuddleFarter]

My DC have been gifted £10k each. We think the best idea would be for them not to be able to withdraw the money until their 18th birthday (approx 10 years away.)

What is the best way of doing this? It would be nice to maximise the return the children get on the money. I've looked, but I feel a bit baffled.

Unless you want to start investing it in the stock market, then a Junior (Cash) ISA is probably your best bet:
www.moneysavingexpert.com/savings/junior-isa/

Rates aren't great at the moment however and the best you'll get is just a little over 3%.

You can pay £9000 per child, per year in a cash isa, so you could do that now and then add the remainder next April.

Kids can't touch it until they turn 18 when it will transfer into their name as a nice little tax free sum.

Cheers for the advice!

The ISA does look like the best option. But I have a cheque for £10k so will maybe have to open an account to deposit the cheque, and then transfer over. Doable, but a bit of a pain.