Saving for kids

[ChocoFudge]

I want to set up savings accounts for each of my kids, to save for things like uni etc. They already have a junior ISA each but I also want to have savings for them that they won't automatically get access to when they turn 18.

Does anyone have any recommendations on the best way to do this other than the obvious 'open two savings accounts and put money in them'? Are there better types of account to use or anything?

How old are your kids? If they are still young then you'll almost certainly be better off saving in stocks and shares rather than cash. If you don't want them to have automatic access at 18 then you need to save in your name, perhaps in a stocks & shares ISA, then you can decide if/when the time is right to give them the money.

That's really helpful, thanks! I hadn't thought of a stocks and shares ISA. They are only young - 3 and 1, so this will be long term savings.