Are there savings accounts or other accounts I can use to maximize interested on a large sum of money while I decide how to invest it?

Charles J. Stevens, Principal, evergreen financial, LLC

@CharlesStevens 10/17/15

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You should look at the interest rates being paid by some of the online banks or look at a local credit union for their savings rates.. Both entities can pay more than a large commercial bank can on a deposit because they have less overhead to carry. Caveat: interest rates or yields are an indication of risk in the underlying issuer. If one bank has rates significantly higher than the others, the market is telling you something about the risk to your money.

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