I will soon receive a car insurance settlement check for $100,000. However, this is before making payments back to my health insurance provider as well as paying my lawyer. I will be holding it for what I presume to be 1-4 months, depending on how negotiations go with the health insurance.

Does anybody have recommendations for what to do with the money for this period? Right now I’m thinking of putting it in a high-yield savings account to earn 2.3%+ or almost $200 a month. The main consideration is making sure it compounds at least monthly and has no fees or complications with being very short-term.

Any other suggestions or things I might be missing?