I have about $5,000 currently and will not be needing all of it in the near future. I’d like to deposit money that I don’t need immediately and remove money that I’d like to use at the moment. What kind of institution would I make my money in to maximize returns in the mean time?

Friends have suggested savings accounts such as from ING Direct or Emigrant Direct, but I’m wondering if there are other good options.

Thanks for any help!