Thank you so much for your responses!!! Just about everybody is doing what I am thinking of doing. We have regularly put money into both kids bank accounts since birth, but used it all up paying their school fees for 2010/2011 school year. I wanted to do something additionally that we don't touch, so it all starts accruing. It doesn't matter how much or little you deposit per week, it's over time how much interest it generates & most of the time the $10 per week, we don't even miss - you know?

I also want the money to be available for flexible things - but very important things once they turn 18? Not just here's a big cheque, go blow it on some fun!! lol