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£500:00 per Month to Invest ?

Xsniper
Xsniper Posts: 13 Forumite
in Savings & investments
:rolleyes:

Any one with advice I have £500:00 per Month to invest from March 1st ?
No long term investments please ?
I could need some easy access Investments ?
Your help in this matter would be appreciated Thanx in advance

:o
" Sniper "

" Hope all your Children are Generals "

" Quo Fata Vocant "

Comments

  • savemoney
    savemoney Posts: 18,125 Forumite
    Part of the Furniture 10,000 Posts
    You probably best asking in savings board

    Savings & Investing
  • Crabman
    Crabman Posts: 9,940 Forumite
    Part of the Furniture 1,000 Posts Photogenic Combo Breaker
    Hi, Martin’s asked me to post this in these circumstances: I’ve asked Board Guides to move threads if they’ll receive a better response elsewhere (please see this rule) so this post/thread has been moved to another board, where it should get more replies. If you have any questions about this policy please email [EMAIL="abuse@moneysavingexpert.com"]abuse@moneysavingexpert.com[/EMAIL].
  • dunstonh
    dunstonh Posts: 120,239 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Do you want to invest or save?

    You say invest but then you say no long term investments. Investments need time to cover periods when they go down as well as up. If you sont want that then you should save the money instead. All modern investments are easy access (although a few legacy DIY/direct purchase schemes still exist that tie your money up).
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • Lansdowne
    Lansdowne Posts: 570 Forumite
    By which is meant you want to stick to bank or b society accounts.

    Look at the Regular Savings thread here,
    http://forums.moneysavingexpert.com/showthread.html?t=608697
    the first page and the latest posts, especially the Principality which allows up to £500 per month.
    Or you might want to invest (Dunston would say save) in a tax free ISA.
  • rb10
    rb10 Posts: 6,334 Forumite
    Lansdowne wrote: »
    especially the Principality which allows up to £500 per month.

    Note that the rate on the Principality one has now fallen to 4%, so Halifax's Regular Saver at 5%, which also lets you put in up to £500 per month, is a better account.
  • Xsniper
    Xsniper Posts: 13 Forumite
    Many many thanks for all the help supplied
    " Sniper "

    " Hope all your Children are Generals "

    " Quo Fata Vocant "
  • castle96
    castle96 Posts: 3,011 Forumite
    Part of the Furniture 1,000 Posts
    First Direct - £300 max p/mth for 12 mths 7% fixed
  • barak
    barak Posts: 1,258 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    rb10 wrote: »
    Note that the rate on the Principality one has now fallen to 4%, so Halifax's Regular Saver at 5%, which also lets you put in up to £500 per month, is a better account.
    Also be aware that Principality may communicate with you in Welsh!
    Perhaps I forgot to tick a box somewhere :confused:
    ".....where it is corrupt, purge it....."
  • JimLad
    JimLad Posts: 950 Forumite
    Part of the Furniture 500 Posts Combo Breaker Mortgage-free Glee!
    Halifax Regular saver? fixed 5% for a year
    Mortgage Free 22/03/17
    MissWillow is my OH!
  • rb10
    rb10 Posts: 6,334 Forumite
    JimLad wrote: »
    Halifax Regular saver? fixed 5% for a year

    Yep, 5% fixed rate, pay in £25-£500 per month by standing order. No missed payments (although you can change the amount you pay in each month as often as you like, as long as it's not less than £25 or more than £500). Also, no withdrawals until the year is finished.

    Full details here http://www.halifax.co.uk/savings/regularsaver.asp
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