i thought this topic deserves a bump up...also i will update on my progress. i used a bank of america america west visa card to fund three accounts for my children. since my total charges were in the hundreds of thousand dollars and well over my small credit line i prepaid the credit card account at a local bank of america. A few calls with visa security department and after security id measures they allowed all three charges to go through. This wasa purchase transaction and since i have a visa platinum card their is no millage earning limit. The college savings bank 529 plan is a fdic insured investment and earns tax free and is disbursed tax free and has a 3% minimum earnings! This is a safe smart investment if you have young children. The more i studied this investment the more I liked it and decided to do much larger deposits than my orginal plan. fyi you only get FDIC coverage up to $100,000.00