Where would you put $10k?

[Anna114]

Either a CD, check rates or open an ING Direct account. You can link it to your savings and their interest rate right now is 4.55%

 

[Anna114]

Oh c%*p that just struck me as very funny! I burst out laughing and sounded like an idiot in my office. Oh just too funny when it hit me.

I would put it all on black.

 

[Golf4food]

Either a CD, check rates or open an ING Direct account. You can link it to your savings and their interest rate right now is 4.55%

If you know you won't need the money a 6-month CD is the way to go for the higher interest you would earn from the CD compared to ANY savings or money market account (over the full 6 months that is).

If you might need to use some of that money before the 6 months runs out, then an online savings account - money is accessible at any time without penalty - would be the way to go, but don't put it in ING because they haven't kept up with the Jones' and their rates are lower than other reputable online banks - HSBC or EmigrantDirect. You'll get at least 5.05% APY from Emigrant and currently even higher at HSBC. ING is only giving around 4.5%. You can do the math from there...

Ok, ok, I'll do it anyway... after 6 months your $10,000 will be worth around:
ING (4.55%) = $10,230
CD (5.20% Emigrant Direct) = $10,263

That's an extra dinner out (or something similar in the $33 range...)

 

[Golf4food]

I would put it all on black.

Alternatively you could put it all on the Colts.

 

[Hercules10]

Invest in Herc's Pole-Dancing Academy.

Many bank have risk-free CDs. They just require you don't touch the money for a week or two and then you can withdraw at anytime. However my bank had a minimum requirement of $20K to do one of these.

 

[The Mystery Machine]

Savings account.