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What to do with £50K for a short period
Mike4328
Posts: 1 Newbie
In the enviable position that I have sold my house and have not yet found one to buy so I am moving out to rent short term.
Any advice on what to do with £50K for a short term safe investment to get the best return given that i also will need to get access to it quickly
I have been on the main site and clocked the Alliance and Leicester instant access account at 5.35%. I am also a lower rate tax payer
Any advice on what to do with £50K for a short term safe investment to get the best return given that i also will need to get access to it quickly
I have been on the main site and clocked the Alliance and Leicester instant access account at 5.35%. I am also a lower rate tax payer
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Comments
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1) Northern Rock online tracker, first 6 months 5.41%
2) A&L 5.35% (£25K max)
3) Bradford & Bingley eSavings account 5.25%
P.S. Forgot to mention something new:
5.4% Instant Access Saving Account
ICICI Bank HiSAVE 5.40% AER
P.P.S. A&L 5.35% not available any more.0 -
Hi
Worth putting 30k in premium bonds? No interest paid but a good chance of winning some more money! And then find highest interest account for other £20k!
helen210 -
Hi,
i'm new to all this so please bear with me.
I will shortly be inheriting a lump sum, 20K plus, and would like to invest for a least a 6 months with no access. May even not want to touch it for a year.
any advice greatly appreciated!
thanks in advance! :j
Ozi0 -
Welcome!
Why do you think that advice for £20K will be different from the one for £50K?
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I'll look after it for you Mike !!!There's no woman sicker than the woman who is sick on her day off !0
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i appreciate what was said. i just wondered if there was anything better as i will not need access to the money for a while.
my you suit your name! :A0
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