Not using a short-term bank account doesn’t necessarily mean investing in something higher risk. There are savings accounts that offer real return in exchange f

Not using a short-term bank account doesn’t necessarily mean investing in something higher risk. There are savings accounts that offer real return in exchange for some restrictions (e.g minimum balance). Buying bonds or funds of bonds is also a very low risk investment of the same kind. For a lot of people repaying other debt like mortgages can be an efficient form of saving.