a car someday? I have a little nephew and niece (5 years and 1 year old). I want to give them some money to be used when they are older for college or a car. What would be the best way to do this? I don't want to just give them a check bc I'm afraid their mom will let them spend it on something stupid. Should I give it to them in a savings bond? If so what kind? What is the best way to give them this money and maybe gain some interest on it or double the amount I paid? Thanks so much!