A 529 is the way to go for this sort of thing...much better than the savings bonds I received as gifts when I was a child.
My son's 529 is with USAA...they have great customer service, free financial advisory services, and their plans have a great performance history (relative to other 529 plans.) Setting up a 529 is also one of the most pain-free financial planning things you can do, IMHO.
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A 529 is the way to go for this sort of thing...much better than the savings bonds I received as gifts when I was a child.
My son's 529 is with USAA...they have great customer service, free financial advisory services, and their plans have a great performance history (relative to other 529 plans.) Setting up a 529 is also one of the most pain-free financial planning things you can do, IMHO.