Whilst paying money into a Grandchilds saving account is a good idea, the banking rules have changed recently, and it's now only the Childs parents who can open the account on their behalf. This is apparently to stop Grandparents from investing large sums of money for themselves, and collecting the higher tax free interest rates, before withdrawing the funds and pocketing a fair amount back for themselves. As l understand it now, most Childrens savings accounts continue without any withdrawals of funds until the child reaches adulthood, then the funds will be paid to them directly, not via a third party.
I Shall Be a Weather Forecaster In My Next Life Or...


