A good place that you can put up a college savings fund would be at bank that provides a product that offers interest on your funds but also has very minimal risk. Such products are available from banks like Bank of America and Signature Bank.
A good retirement fund has a varied portfolio that includes GIC's, mutual funds and regular tax savings account and a retired savings program fund. Going to a financial institution and obtaining information is also a good source for retirement options.
Invest it in a good place...
MSNmoney is a good site to find a college saving calculator to help you with a long term plan on saving money for your children's education fund. Another good location is CNNmoney. You may also want to try your local bank website which can direct you to a planning solution for college savings.
A mutual savings and loan is the best place to have a savings account. There are plenty of good and reputable savings and loan banks out there. You can just look for them.
You should start saving for you child's college savings account as soon as possible. A really good college savings plan is the 529 plan. With this plan you can set aside money for your child's college education and it will continue to grow tax free.
I have a savings account nicknamed "Family Fund" and a checking account nicknamed "Life Expenses" - KJ
A savings account is a good place to keep money safe for future needs.
If you are looking to compare the rates of different college loans, you can find a number of online college savings calculators. a good one is here: http://apps.collegeboard.com/fincalc/college_savings.jsp
The website http://money.cnn.com/magazines/moneymag/money101/lesson11/index.htm gives some good tips about saving for college. If you are interested in a 529 plan, check http://www.kiplinger.com/tools/best-529-college-savings-plans/ for some recommendations.
Different states have different programs for saving and investing for your child's college. There are many programs that offer college savings, or a 529 plan.
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Your first resource should be your own bank. They carry placement tools for all circumstances. A private mutual fund firm is also a good resource for guidelines on investing.