What savings account for child?

[Helga55]

although late in starting, I would like to get some sort of savings in place for my (just turned 7) child. I can put a few hundred, possibly a £1000 or so in on opening, and looking to add around £50 to £100 a month going forward, but have no idea about savings accounts or if I should open a pension for her or something else, any advice, or who to go to/use? I have accounts with Barclays and Halifax if it’s easier to open one with them, but happy to go to anyone else. Not anticipating having to get access to the cash in the future, so would be entirely for them years down the line

TIA

Look into a stocks and shares isa (junior stocks and shares Isa if you’re ok with the child getting access to the money age 18). My JISA is with Hargreaves Lansdown as there are no platform / trading fees

JISA if ok to get access at 18. You can have one each of cash and shares but shares recommend for 5+ year timeframe. Just opt for a global tracker or multi asset fund such as Vanguard Lifestrategy. HL and Fidelity. Account is free but there are charges on the funds (<0.2% for a low cost fund).

You could also open a savings account for pocket money that she could access sooner. Just go for whichever of Barclays or Halifax or your local building society if you have one gives the best deal. The actual interest rate is less important if it's for keeping a small amount of money in. MoneySavingExpert is good for advice. Moneyfacts compare is good for more comprehensive interest rates.