Best way to invest $10k inheritance for each of my toddlers to give them a strong financial start in life?

Best way to invest $10k inheritance for each of my toddlers to give them a strong financial start in life? Pretty much the title. My relative passed away and left each of my children 10K but they're 3 and 1. Would be great if when they turn 18 or 21 and want to go to school, buy a house, or whatever it is kids will do in 15+ years, they have a little nest egg to do so. Is it a savings account? CD?
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