Both of my boys have a few hundred dollars in their bank accounts. In Canada we just started getting $100.00 for each child for childcare, but I am a SAHM so we don't use childcare. DH and I have decided that the $100.00 for each boy will go into their bank accounts. We are using their bank accounts for school funds which they will have access to when they are 18. We want to transfer money occasionally into a higher interest account, but I'm not sure what the best way to go about it would be. My sister does RESP's, but I'm not sure if there is a better way to go than that. Anyone know?