I have an interest checking account with 2,000 in it with 4.9% interest. Should I keep my money here?

Question

All of it is money I received from graduation gifts. It is currently in an interest checking account with 4.9% interest, which is really good. Should I keep my money in there or is there something else that would generate a better return rate?

Answer 1

That is a very good interest rate if it's compounded often enough. You could check CD rates at your bank and see if they can do better, like pay the interest more often so you end up with more per year or whatever.
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Answer 2

4.9% isn't too bad. If you feel like getting 5.05%, let me know. I have a relationship with an online bank that would give you that rate, regardless of what your balance is. If you go through me, I'll give you a kick back of $10 too.

Answer 3

If you don't have to have the money then I would invest it in a mutual fund. A one time investment of $2000 would make you a millionaire by the time you're ready to retire.