We are still debating a 529 plan so we have an ING account set up for our little lady and will set a second account up for #2. I have posted about ING in the past, but basically it is an online bank that offers a higher interest rate than most brick and mortar banks. It is FDIC insured and a very simple, safe way to keep your money. This time last year we had 4.5% interest on our savings and unfortunately it has gone down to 1.5%. That is still one of the highest rates I have seen around.
If you are interested in opening an ING account email me for a referral number that will give you an extra $25 sign up bonus.