Welcome BK,
Although saving accounts aren't paying much right now I think you'd best keeping the money there due to the time frame in which you need the money. Your only other real alternative to me would be to either get a couple more basis points by opening either a 6-month or 1-year CD or something like Vanguard's Short-Term Treasury Index (VFISX). However with the latter there's the chance that you could lose some principal and the SEC yield on it is currently only 0.94%. IMO, with the way the market is right now, I'd stick with the money market account or CD's. If you want to put a little in a short-term fund like the one above maybe, but not much.
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The easiest thing of all is to deceive one's self; for what a man wishes, he generally believes to be true.
- Demosthenes
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