For the past couple years, I've been handling the savings account of my mother (now 76), since if she did it it would just sit in the bank. She doesn't have a lot left, under $50K, but owns her own home and has a good long-term care policy. My investment advisor has it doing pretty well, about 8% interest, but it's primarily in stock mutual funds, with a little in bonds and real estate funds with 5% in a money-market to draw upon. We need access to it intermittently to make repairs on her home or for any type of emergency, and as she ages we may need access for housekeeping or personal care help, but not for awhile yet, she's still in okay health. My question is: I'm nervous about keeping it in the stock market long-term and want to put it into something which is semi-liquid but still gets good interest, and is safer. Would iBonds be appropriate? They seem to make a good rate of return and the penalty for cashing them a little at a time doesn't seem too high. Does anyone have any other suggestions as to how I could tailor this investment to be safer yet still somewhat accessible and earning well? Thanks, The novice, JJSea P.S. Thanks for all the replies to my earlier post--you guys are great!