> set up bank accounts for our kids yes > so that they could accumulate interest over 18 years at 1% ... no ... the value of that money will so eroded by 18

> set up bank accounts for our kids yes > so that they could accumulate interest over 18 years at 1% ... no ... the value of that money will so eroded by 18 years of time - a better investment would be in some good memories with them; go to europe and see the Sistine Chapel or teach them to surf / play tennis.