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£10k advice

Sophia1704
Sophia1704 Posts: 4 Newbie
in Savings & investments
Hi, I was curious as to what people would advise the best place to save or invest £10k at the moment?

I was going to put it all in a isa when the allowance increases but then someone mentioned to me recently about premium bonds.

Bit confused as to what would be the better option.

Ideally I want the amount safe and not at risk and am happy for it to be locked away if necessary for a few years... no longer than maybe 2 years.

Hope someone with more knowledge than me can help me out.

Comments

  • jimjames
    jimjames Posts: 19,257 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Where is the money now?

    If you want no risk then you are not investing you are saving.
    Remember the saying: if it looks too good to be true it almost certainly is.
  • Sophia1704
    Sophia1704 Posts: 4 Newbie
    jimjames wrote: »
    Where is the money now?

    If you want no risk then you are not investing you are saving.

    Hi thanks for your reply.

    I have max amount in cash isa and around £4k sitting in a normal savings account sitting pretty until the increase in the isa limits are introduced.
  • jimjames
    jimjames Posts: 19,257 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Have you looked at the other options listed on the forum and the guides to get 5% outside of an ISA?
    Remember the saying: if it looks too good to be true it almost certainly is.
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