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Best short term return on large sums
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Tazmandevon
Posts: 1 Newbie
What's the best way of maximising return if you have say £30,000 of capital to put somwhere for 3-6 mths?
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Cahoot bonus savings account 5.25% on £15,000 - £100,000 for the first 6 months. £25 for seccessful applications through quidco.0
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Tazmandevon wrote:What's the best way of maximising return if you have say £30,000 of capital to put somwhere for 3-6 mths?
Have you looked at Premium Bonds at 24,000 to 1 Odds.
Invested money back to you when required in 1 month ? :cool:
!!!!!!There are More Questions Than Answers!!!!!!:eek:
:search: But I Just Don't Have Any Answers :idea:0 -
Weymouth_Man wrote:Have you looked at Premium Bonds at 24,000 to 1 Odds.
Invested money back to you when required in 1 month ? :cool:
You'd need signifcantly better than average luck for this method to "maximize return" over such a short time period, especially as your money will typically sit 6 weeks unused before you are entered in a draw. Don't do it.0 -
Stonk wrote:You'd need signifcantly better than average luck for this method to "maximize return" over such a short time period, especially as your money will typically sit 6 weeks unused before you are entered in a draw. Don't do it.
But are you not secure that each month you will have at least a minimum £50 prize ?
!!!!!!There are More Questions Than Answers!!!!!!:eek:
:search: But I Just Don't Have Any Answers :idea:0 -
might be more, might be less... depends on your luck... fingers crossed... IT COULD BE YOU!Weymouth_Man wrote:But are you not secure that each month you will have at least a minimum £50 prize ?0 -
Just because the odds suggest you will win once a month for every 24,000 bonds you have doesn't mean that will actually happen. It's still entirely possible that you'd go a whole year and not win a thing. Of course you could win several £50s a month too but the point is nothing is guaranteed with bonds.Weymouth_Man wrote:But are you not secure that each month you will have at least a minimum £50 prize ?0 -
You are giving up £105 a month before tax interest on £24000[FONT=Arial, Helvetica, sans-serif]To be happy you need to make someone happy.[/FONT]0
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That is with Cahoot at 5.25[FONT=Arial, Helvetica, sans-serif]To be happy you need to make someone happy.[/FONT]0
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