Children's saving accounts - clueless

[Mam89]

My DS has been given a sum of money from grandparents, it’s about £10k but could end up being more next year as FIL is selling property and wants to give some to GDCs. I’m confused about the best place to put this? Are ISAs pointless as he’s a child? We don’t want to access the money obviously but would like the option to move it around to get the best interest rate if possible so again I’m not keen on an ISA that locks it down until he’s 18. Can anyone tell me what they’ve done? He is only 5 months old currently.

premium bonds may be a good option or you could open up a private pension 10k now will make the world of difference once it has been invested over the decades.

You could put some in a Junior ISA. You can move between providers if a better option becomes available

We have our children's savings in both premium bonds and a junior S&S ISA. The majority is in premium bonds as this isn't locked in and we can withdraw it and invest it somewhere else if we want. The ISA's remain in their name only so I'm cautious about putting too much into them.