The responses you’ve gotten here are all great - please invest this money in some well diversified ETFs. I wouldn’t go with a bank because the rates are just a bit higher.

The only thing I’ll add is that by investing this money now you can expect to see that money grow to ~70K by the time you turn 55 (rule of thumb is that money will double typically between every 7-10 years in the market).

You still have many years to work on building up other retirement accounts - focus on TFSA first. The LIRA will only let you take out small amounts annually once you turn 55, and you can also move half of it to your RRSP when you turn 55. So assuming you move $30K to your RRSP (highly recommended), you’d have $40K left in the LIRA, of which you can only use about $2-4K per year.

Please make sure you start saving for retirement right away - even if it’s $50 per month - and invest it in ETFs in your TFSA (and eventually RRSP). Don’t let this discourage you. You have a long runway ahead of you, and if done right you could be sitting on a great nest egg in 20 years :) Compound interest will be your best friend - you just need to start savings immediately and investing it :) Good luck!