<prompt> Human: I run my own business around town fixing iPhone screens. It brings in fairly decent cash and I am hoping to have 20k in savings by the end of the year. Currently my bank gives very little interest on my money, and as I dont need any of it now saving for later in life, is there anywhere else I should put this money to receive a higher interest ?Any help or advice is appreciated.Edit: Thank you so much to everyone who responded! I read every reply and it seems like I should just keep on doing what Im doing but make sure to not waste the money down the road. I am planning on continue to invest in my business and spread naturally, but I cant get too big or else doing well in school will just be impossible.  <response>: Ally has a savings account that pays 1, and any bank will have a CD that offers better interest rates than a savings account. Id stick with those options to keep your money relatively liquid. Long term, the best investment for this money will be in your future education. 