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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.

  • 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.

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