<prompt> Human: So I lucked out and was able to get a full scholarship to college. Because they are very happy to not have to pay for college, my parents are giving me around 10,000 as a graduation present. I dont really have a need for the money right now, considering I have a job and will be working full-time this summer.Id assume just a savings account is not the best place for this money, so what would be a relatively risk-free way to hold this money? Treasury bonds?  <response>: Put it in an online savings account around 0.9 interest right now. 10k is a great emergency fund. Something will inadvertently come up during your time at college at it will be nice to have something to fall back into if you need to. Maybe treat yourself to a nice vacation after you finish school. Congrats on the scholarship, graduating debt free is the type of freedom that many do not get. 