Sallie Mae Bank Money market if you want it liquid and secure with decent interest. I do not work for them or am affiliated with them but is the best deal I can find.
It is FDIC insured, and you get a checkbook for it. The interest rate is better than most CDs and they have no fees or BS to deal with. I have had them for a while for my cash emergency fund.
http://banking.salliemae.com
With current market conditions possibility of fiscal cliff business the market maybe in for a significant correction so I would not invest it in stock unless you want to wait until after the possible correction and try to buy at the bottom. Don't keep your eggs all in one basket though whatever you do. The money market is essentially a savings account with interest though so it is not risky.
If you have good credit interest rates are damn near as low as they will ever be. Put some of that for a down payment on a fixed mortgage.
Of course I would recommend a trip of Europe a sex tourist and blow it on prostitution and first class airfare on Virgin Atlantic.
Edited 1 time(s). Last edit at 12/01/2012 02:34PM by Mofo.