Step 1

In a medium saucepan over medium-high heat, whisk together water, sugar, and vanilla bean.

Step 2

Bring to a boil and reduce heat.

Step 3

Simmer for about five minutes - the sugar should be completely dissolved.

Step 4

Remove from heat and stir in vanilla extract.

Step 5

Once simple syrup has cooled, remove the vanilla bean and pour the syrup into a glass jar or bottle.

Step 6

Store in refrigerator.