I just graduated college in May, and have about the same in various saving bodies. Primarily, I'd say put a good portion into a good online savings account to give yourself some security. I use ING Direct, there are a bunch of other options giving at least 3% interest at the link sweeps put above. With most of the rest, I'd put it in an IRA if you can, or in regular mutual funds with a company you trust.
As for the day trading, i'm with some of the others... take some of your money ($500-$1000) and try it out. i've considered doing it, but personally don't want to bother with the hassle or the risk. but like has been mentioned, it's probably worth getting some familiarity with it, as it could be helpful in other ways, including getting a better understanding of how the market works.
as a minor side-note, as was mentioned earlier, do what you can to build your credit before you graduate. it helps ALOT--finding apartments, getting insurance, getting a job, buying a car, and so on... all of those things generally involve someone looking into your credit history, and a good credit history can help you alot. My good credit helped me secure a place for myself and my roommates, and gets me better rates on my car insurance.
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