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I strongly suggest you keep the money in a safe rather then in a savings account. A lot of saving accounts actually cost you money per month rather then save you any unless you maintain a minimum balance.

Barclay's Online banking has a savings account that pays 2.2% with no minimum and no maintenance fees. I imagine there are other online banks with similar accounts. It won't make you rich, but it is better than nothing.

If one is comfortable dealing with an online bank, that would be much better than putting it in a safe.
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