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We did this - JISA's through Hargreaves Lansdown are free to run, and they have a good range of low cost indices (HSBC global is 0.07% iirc)
Also, there are often children's regular savers accounts around that offer very good interest rates for a few years. May be worth one of those, and chuck the balance into a JISA when the introductory rates end.
And make them a few easily prepared meals. That'll go down well too.
NotThamesWater-
Ha, this, and ironically the fund im investing in via a JISA for my daughter at the moment is a Vanguard one but want the option to chop and change over time.
A case of Port was another idea but wouldnt trust myself not to drink as soon as she got to dating age*.
*never ever going to be allowed on dates. Ever.
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Thanks @TW. Are you sure a HL JISA is free to run? Quick google suggests a 0.45% charge on the first £250k.
Vanguard offers a JISA with 0.15%, their LifeStratey funds have a 0.22% charge, so all in it would be a bit cheaper than HL.
PQR
pjhobs
Question - Last week I became an uncle, rather than buy some baby grows from Jojo-mama-whatever I'd like to pop a few hundred into an index tracker for them to enjoy after 18 years of low fees and compounded gains (hopefully) .
A JISA looks like the way to go, but I would have to get my brother to open it. Can anyone suggest an alternative?