Savings Bank Account

There are so many options it's hard to say. I always start by looking at money saving expert website for advice on anything like this. This is a page on child savings accounts https://www.moneysavingexpert.com/savings/child-savings-tax-free/ I've just started a Junior isa for my newborn as hoping to gift the money when he's older

Thanks ☺️

I’ve also opened a junior ISA, I’ve done a stocks and shares one so that it is also invests the money, but just so you know any money in there is legally theirs and you can’t withdraw it