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.
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.