If you haven't done so already, it is recommended that you set aside roughly six month worth of income for an emergency fund. This needs to be easily accessible in case of unexpected urgent needs, so a savings account will be a good choice.
Then the investment decision can depend on your goals. Do you have any short-term goals that you want to achieve, maybe not right now but a couple years from now? This can be college tuition, buying a car, or a house. Or do you just want to save it for long-term goals such as retirement? The sooner you need the money, the more conservative you need to be with your investments.
Not knowing anything else about your financial situation, I would open up an onilne brokerage account (I really like Robinhood) and buy high quality dividend paying stocks like Exxon, Walmart, AT&T, UPS, etc. I don't recommend mutual funds because their management fees tend to be expensive and I prefer to know exactly what I am investing in. Good luck!
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