You can save them just about anywhere you want I guess.
I do most of my saving of data in XML. Something simple like a username and password could be a simple txt file.
I save settings that are application specific to System.Windows.Forms.CommonAppDataPath
And settings that are user specific to System.Windows.Forms.UserAppDataPath
You could also save them to the registry (Not recommended by MS) or to a database, if your application uses one.
And if you want security, you could scramble/encrypt the login and password before saving them to disk