My main concern is making the $20,000 that I currently have saved, substantially grow. - I currently am able to put roughly $500 into my savings at a bi-weekly period due to my part time job. - I am a college student but have earned scholarships to pay for my schooling, so I do not need to worry about grants or loans. - I have no credit card bills, and when I do use my credit card I make sure that it is paid off at a bi-weekly rate also. - I do not pay rent.
I'd like to keep my money in the bank and continue saving, but I know that keeping it in a low interest account will deplete its value due to inflation. What are my options here?