£10k advice

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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.

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  • jimjames
    jimjames Posts: 17,621 Forumite
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    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
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    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: 17,621 Forumite
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    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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