Did you open up a savings account for your baby?

I just read an interesting article about babies and money. Did you open a savings account or an educational IRA for you child? My husband & I opened a savings account, but I am thinking about college account...what are your views?

Update: EDIT - I did open a U-promise account...every bit helps.
Update 2: KAT - haha! Yes, my daughter is also going to Yale on full scholarships.. these genius babies of ours.
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