What would you do with 20k in savings?

I have 20k in a crappy 0.6% interest savings account. I want to keep it liquid and be able to get to it without huge fees. What would you do with the money and were would you put savings money. I don't know what type of investment I could use, if any if it is short term.

Put 1/2 in a 12 month cd, and 1/2 in a money market account.
GMAC pays 4.7% money market with checking for withdrawals. 12 month cd pays 5.2% APR
www.GMAC.com

Starting a Roth IRA is the way to go. It enables you to make vast sums of money over your lifetime without paying taxes on them. However, you will sacrifice liquidity. Alternatively, you could purchase a high dividend paying stock. In that case, you have liquidty but are subject to market risk. There are numerous companies that pay 8-9% and are safe plays.

$200,000 in 3 years or less.

IF I WAS YOU I WOULD PUT IT IN A IRA ACCOUNT FOR MY RETIREMENT BECAUSE THERE AREN'T GOING TO BE ANY SOCIAL SECURITY FUND WHEN YOU GET OLDER PLUS YOU DON'T HAVE TO PAY TAXES ON IT EITHER BECAUSE IF YOU KEEP IT IN A SAVING ALL THE INTEREST THAT YOU RECEIVE YOU WOULD HAVE TO PAY IT BACK
GO TO YOUR BANK AND TELL THEM TO GIVE YOU MORE INFO ON THE IRA. BEST WAY TO GO

Open an account with Scottrade. Invest in Mutual Funds, my favorite is OBCHX. There are other that are really good, it cost me $17 to buy into a mutual fund with Scottrade (actually, zero to buy OBCHX.)

I also like UJPIX and ENPIX. Follow the link below for a list of the best performing Mutual Funds, year to date.

if you want liquid, I would try ING's orange account, they are paying good interest rates on liquid/pretty safe money. ~3-5% last I checked.