What would be the best kind of short term investment for a beginner?

My husband and I will be receiving a tax free sum of $5,000 soon. I plan to put $2k in our savings account so we have access to it in case of emergencies. I would like to invest $3k in something that we cannot have access to for at least a year, maybe longer. I'd like something fairly safe. I know nothing about stocks so I'm not sure that's right for us, and I've heard that CD's usually aren't all that worth it. We have no other form of savings or investments except my hubby's 401K. So what would be good for beginners with $3k?

If you are interested in a retirement account for yourself, I recommend a Roth IRA. The deadline for your the tax year 2006 is April 17th. The maximum contribution you can do is 4000.00 dollars for the year 2006 and 2007. If your combined income with your husband does not meet the requirements for a joint Roth IRA, then you need to look into a Traditional IRA. In a Roth IRA you pay your taxes before hand, while in a Traditional IRA you pay it when you withdraw during retirement. You can withdrawal your contributions without a penalty if you purchase a home per se.

I was in the same boat as you. I would put the 2k into an ING account (they have a better rates). The 3k I would do a Roth IRA..maybe through Citibank. They have great financial planners to consult with

put all $5000 in a money market account. they earn better interest than bank savings accounts and usually come with check writing feature. look at fidelity, scwab, ing, capital one, etc.