Saving for your kids future

[Posey]

Got a thing through the post today for a baby bond, putting away £10 to £25 per month for a minimum of 15 years. I've been thinking of starting some sort of saving scheme for the children but just don't know whats the best bet.
Should I do a bond thing or just a direct debit monthly into a bank account for them?

What have you all done, if anything, and any recommendations?
TIA

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The "Baby Bonds" are effectively endowments by any other name. And who'd buy one of those these days? You'd probably be better off putting your money into a good children's account (like the Nationwide Smart2Save account which has consistently been one of the best over recent years) and/or a unit trust. The Motley Fool do a good book, called something like "Make Your Child A Millionaire" which has more detail on how to invest for them.

I opened a childs savings accounts when the boys were just out of hospital as a lot of people gave me money for them. Whenever I can I put money in the accounts (tax free until they are 16 or so.)

At Christmas I work out how much I have to spend and try and put half of it into their accounts. My mum also puts money in them.

sobernow, I think once they're started you're better off sticking with them, because they take a big chunk of commission out of them upfront so you'd probably get back less than your FIL put in.

The Halifax regular savings account was recommended on Moneybox on Saturday - it has the best rate of interest on a children's account at the moment.

Thanks very much for your input. Both children have a building society account already so I think I may just add to those for the time being. I'm a bit anti-ISAs as I've had one since the early days and it still hasn't returned to the figure I put in
I think I may buy the odd bond, like the old savings certificates or whatever they were from the PO, rather than doing a regular thing.
Thanks again.
PS Lunarsea, will see if the library has a copy of that book.Sounds interesting.