I'm a 23 years old programmer working full time in Milan since September 2019. I'm currently not paying for rent and utilities and I'm managing to save 1200€ net a month (I have no debts). This money is gathering dust in a checking account and if don't do something with it will continue to do so until my current housing arrangement ends (this will happen in either two or three years).
I know I can't ask for a no risk 10% returns one year investment, but since I have some time before having to take on the costs of renting/down payment for a mortgage, my goal being saving something like 30k so that I'm not completely unprepared, do you have any advice (especially if it's Italy-related) for my predicament?
(I have been looking into a savings account but the low interest rates (~0.5%/y net interest) seem hardly worth the effort, but it will do if there isn't anything better.)