<prompt> Human: Im a college student who has been working since I started being a student full time about a year and a half ago. Im about to start my senior year summer classes and decided that my job and college life werent conducive enough to have the successful senior year Id like to have. I worked nights at a hospital, and these past couple of semesters I was alternating between days and nights so wildly it really beat up my body and I wasnt being very healthy. I already looked at the numbers, between the money I get from my GI bill every month, and the grants and scholarships I get from school, I should get about 10k every semester 1.2k every month from my GI bill, and I have around 1.8k in expenses every month. I broke down my budget with my family, looked over the numbers and decided I could definitely afford to not work and focus wholly on school.Im going to basically put all the money in an account I dont have access to, and give my mom the keys for it, and shell transfer me an agreed upon amount every month to pay for bills, food, and pocket money. And thatll be my paycheck for the month. My GI bill cash will go directly into the account. Realistically, I shouldnt use up all 10k, and then Ill add the second 10k to it in the Spring semester.Im assuming a standard savings account is my only option in terms of those monies. But that leads me to my question, what is the best course of action I should take with this big chunk of cash? Is a savings account my only option, or is there some sort of low risk option i could use that could potentially gain some amount while its sitting and being slowly used? Included in that, is there anything I should be taking into consideration when looking at this sabbatical that I may not have thought of? Anything important people typically forget when taking longs periods of work off? Just looking for any general advice tbh. I tend to be an overpreparer so Im just trying to look at this from every angle before I commit to it. Thanks for the help folks!  <response>: Thats not the usual definition of a sabbatical, but never mind.Put the money in a savings account with an on-line bank like Marcus, Barlays, AMEX, Discover, or Ally, where you should get about 1.6 interest you can get a bit more with other strategies, but not much, and only with hassle, which is probably not worth it.Good luck. 