Where's best to capitalise with a short term investment?

Dejay20 · 27 February 2015 at 7:31PM

I'm an apprentice whom is undertaking a degree (fully paid for), I've recently been able to save up around £5k with just over a year to go until I finish.
I want to invest my money in something which will set me up better for the future. Isa's don't appeal as there is such a low return. I want to start redeveloping property but at the minute it's not the best idea whilst progressing into a busy final year of uni.

Just wanted some advise on what I can do with the money while I wait for the Right time to buy a house. Any ideas?
Thanks

EdGasket · 27 February 2015 at 7:37PM

Dejay20 wrote: »

I'm an apprentice whom is undertaking a degree (fully paid for), I've recently been able to save up around £5k with just over a year to go until I finish.
I want to start redeveloping property but at the minute it's not the best idea whilst progressing into a busy final year of uni.

Thanks

With £5K you might be able to redevelop a shed lol.

If that is your entire wealth then don't gamble it away. Cash ISA returns are low but you won't lose your money; anything that might give a higher return comes with risks. Maybe your best bet is one of these current accounts that pays interest for the first year if you keep moving money in/out.

xylophone · 27 February 2015 at 8:08PM

If eligible, you could open a TSB Classic Plus, a Nationwide Flex direct and a Tesco or BOS Vantage current account, cycling £1000 around monthly between the accounts and moving the interest to the BOS?

colsten · 27 February 2015 at 8:15PM

Throw a Halifax Reward into the mix, too - easy £60 a year.

Where's best to capitalise with a short term investment?

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