CeraVe Moisturizing Cream
It's about $12 for a 16oz container of the cream. My daughter had terrible dry skin all over and nothing was helping. It's was scaly and red. I thought it was eczema but the doctor said it wasn't. We started using CeraVe twice a day and saw results the very first day. We've been using it for a few weeks now and there's only a patch or two of dry skin left. The best part is it soaks in really fast and isn't greasy which is a must for a wiggly baby like mine :)
It's made for adults but its hypo-allergenic and very gentle. We haven't had any issues. I still try not to let her get her hands since I don't think it's good to ingest and she's definitely a finger-sucker. I also use it VERY sparingly on her face for the same reason.