Thread: What is the best way to save money for your kids' future college? ie. High...

...Interest Accounts? I just had my first son and wanted to start a college fund for him. I know some high savings accounts currently pay 3% but was wondering if there was a better place to save money for him that will accrue more interest. Thanks

Long-term CD's will pay better than savings accounts. Mutual funds or index funds might be a good investment if you have enough money to put in initially. Remember that the long-term trend of the market is up.

Also look into your state's 529 plan. These also have tax breaks associated with them.
http://www.savingforcollege.com/