Took out a home equity loan a few months ago to pay for a bathroom remodeling job. To make a long story short, the job has been delayed several times and it now appears that it could be delayed until after the first of the year (the contractor is a family friend, so I'm not looking elsewhere.) Anyhow, this money has been sitting in my savings account earning a pathetic 0.5% APY. What's the best low risk way to maximize my short term investment? Sinking the money into the market is out of the question because of the risk involved. What about CD's? Are there penalties for cashing out early? Any other type of investment I should look at?