Help please - High interest savings for kids

[Letstrythatagaineh]

Looking for a high interest savings account for my DD9. £1500-2000 to invest.
Options on 'Best buy' tables online only seem to offer decent rates for either;
Building societies you need to actually go to to open/operate the account fully, which are nowhere near us. Or banks which only have digital services in their town branches (hsbc).
Or
Bank/building society parent must have a current account with already.
Not looking for a regular saver as we have a lump sum we wish to take advantage of. Also poor return compared to lump sum savings rates.
I've had a look & even spoken with a money service online who said to look at adult accounts with high rates / fixes which don't specify age so will be suitable.
Can't find any!
Looking for 5%+ if possible.
Thanks.

If this is for long term use, then as she is 9, there is time to invest it. Use a Stocks & Shares Junior ISA, so it is tax free and locked until age 18.

If for use within the next couple years, then a cash account. Children's accounts often have limitations, HSBC I think are one who does not have a maximum deposit amount, pays around 5%. Check full terms.

I think you'll struggle to get 5% + for a kids savings account, especially as the base rate is dropping.

Agree with PO to look at a blended S&S Junior Isa to maximise growth. Ours is with Vanguard and have the lowest management rates in the market.

Hargreaves LLandsdown S&S JISA is free, no fee at all if you'd like to invest it for long term. You can get Vanguard ETF there, too.

We use St James Place and Investec. Not sure what the minimum is though.

@yoshiblue can I ask how you decide which fund to choose? I'd like to use Vanguard for DCs ISAs but have no idea which option to go for. TIA

@icebubbles I set it up a couple of years ago and from memory chose the 60% diversified fund as mid risk. Now I'm comfortable I'm splitting funds between 60% and 80% diversified funds.

I think when you go through the process there is a set of questions to help decide your risk level.

Yorkshire Building Society has a savings account for children, with the parent as a trustee.
It pays 4.5% variable. From £1 to £1 million. It can run until age 21 and has unlimited withdrawals, provided it is for the benefit of the child. The account can be managed by post.

https://www.ybs.co.uk/savings/product?id=ONEDAY

If you prefer the savings to remain in your own name, Wealthify has an instant access savings account paying 4.65% variable from £1 with no upper limit. Operated entirely online with an easy to navigate website.

https://www.wealthify.com/savings-account

Not quite 5% but fairly close.

Sorry for late reply, I thought I'd get notifications when I had replies but didn't.
Thank you to all for your suggestions.
I think I'll go with your suggestion @cupofstrongtea .
I'm looking for savings as opposed to risk.

I set up the Nationwide one for DD