<prompt> Human: Hello,Ive decided to set aside about 75 a month at first at least and create a yearly fund I can give to my parents every Christmas. I was wondering if anyone had better suggestions than just creating a separate savings account with my bank Wells Fargo. Since this isnt something my parents are expecting it gives me a little freedom to try out some riskier options, Im just not sure what those are. Im not a finance expert by any means but I do love the simplicity of apps like Acorns. I dont know if theres something comparable that fits this scenario the best. Thanks!  <response>: Investing 75month over a 12 month timeline is a great way to lose money for no reason. If you want a higher interest rate, look for a bank with a high interest savings account. Most are at 1.6-1.8, but there are a few with higher rates if you are willing to jump through hoops like using their other services, a certain number of debit card transactions per month, etc. 