How will you spend your Covid money?
I plan on buying more beer and a hooker. If all this printing of money from thin air backed by nothing puts a burden on future generations, tough luck.
Banking the money is a good choice because everyone needs an emergency for unforeseen expenses. Banks are only paying 0.01% on savings so look into opening a free brokerage account at Fidelity and buying shares of the S&P 500. (SPY)