I agree....savings accounts are worthless and bonds are not too much better as you are barely beating inflation.
I would also suggest a low risk mutual fund if you plan on keeping the funds in for longer than 90 days (early redemption fee). If you can tolerate the risk, these would be a great choice for your funds. I've been in all TD mutual funds for about 5 years or so and I've averaged between 8 and 25% a year between about 5 of them.
TD Balanced Growth
TD Dividend Growth
TD Monthly Income
TD Precious Metals
"I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered."
-Thomas Jefferson 1802