Thank you for your question to NerdWallet. Since you do not have a full-time job at this time, I'd suggest that you keep the majority of the funds in a Certificate of Deposit (CD). This money will be held in an CD account which is not easily accessible, and can be saved for future investments.
The balance (3-6 months of household expenses) should be deposited into a money market account which can be withdrawn only in the case of an emergency. I hope that this helps!