I used to receive bonds every Christmas when I was growing up. They didn't seem like great presents when I was young, but their value as a gift became clear when I became older. I learned from these gifts how much one is loved because of the forethought that is put into them. You've chosen a great gift. One suggestion is to ensure that they are compounded annually if they are bonds.
Suggest you talk to at least two seperate banks (preferably a bank and a credit union, not two banks). Bonds still have the power to get little ones off to a good start later in life. My grandmother (and now my mother) give bonds for birthdays for all children under the age of 20. I cashed mine in when I first went to work - the furnished my first apt & got me the clothes I needed to dress appropriately. It was a wonderful gift!