Amen to that.

I use savings account for my kid's accounts. I keep a checking acct and a small savings acct so I can have a cheap credit card and free checking. The rest of my money goes into my 401k or to a non-retirement mutual fund family managed (reliably profitably!) by Edwd D Jones. I don't have the sense to manage my own investments and I'm willing to pay them a fee. I still make WAY more than anything a bank can offer.