We have a very generous friend who had a baby in June. They are having her Baptism in March and we would like to do something nice for her. My husband is her godfather. We were considering setting up a kids investment account or giving savings bonds.

What would you suggest if you wanted to give money to the child for their baptism (and subsequent holidays and events) but don't want to give them cash? Has anyone done this for your LO or have you done this for anyone?