<prompt> Human: Hi PF!I just got off the phone with my mother who recently informed me that I have 70k in a savings account that my parents have been keeping for me since I was born. It turns out they have just been letting this money sit in a savings account that by my calculation has an interest rate of 0.6. Im a bit frustrated that they let a large sum of money sit in a savings account for 25 years rather than investing at least some of it. Dont get me wrong, I am extremely grateful that my parents put aside an account for me that they had been putting all of my gift money into from the time that I was born and I truly appreciate their thinking of me and planning for my future. The account is currently in my mothers name and she doesnt know the first thing about investing nor does she trust the markets which is why she never invested the money. What steps can she take to make better use of this sum of money? I also just found out that she has not saved any money for retirement and since I am fairly well off I would like to gift most of this money to her when the time comes. TL;DR - Mother has 70k in a savings account for me and hasnt saved at all for her own retirement. Where should we put this money for it to grow the most over the next 10 or so years? Current savings account has interest rate of .6. Edit: Thank you so much everyone for the support! I definitely was not expecting this many responses when I posted this this morning. Im at lunch now and will respond to people individually when I get off work later but here are some answers to questions I am seeing come up. The money is primarily from stock that my grandfather purchased for me in my name when I was born. My parents had a falling out with that grandparent and did not trust him with my best interests so my mother requested to take control of the money. She doesnt trust the market so cashed it out and put it in a savings account.I love my mother to bits and pieces but she wasnt raised with money and doesnt have a good sense in investing or handling money. Her father did not save for retirement so she never felt the need to do so either. My father does have a retirement account but I am unsure how much he has saved. My parents are very humble people who live in a small and affordable town and have no debts. My plan is to take control of the money and make it grow over the next 5-10 years and then gift it to them every month to help them live comfortably. I have never invested myself before but know enough to know that I can get more from that money over the next few years. Id really appreciate your guidance on how to make that happen.  <response>: 70k is better than no k ! Remember to say Thank You.Now you can steer this boat in the right direction... 