Premium Bond/s?
Any gifts at such any early age are a waste in my view. A few years ago a friend of mine a pavior dictated to his family that all gifts were banned for his two but funds could be deposited in there accounts for the future, he received a great deal of castigation at the time but his kids have been able to face 16 plus with a substantial financial footing. One chose uni and is well funded the Son had stepped onto the property ladder at an early stage. A great bit of foresight from the parents.