Best short term investment??Help needed?

alirob12 · 29 May 2007 at 8:14AM

Hi, I am borrowing 1bout 15k on my CCs, with 0% interest, I can pay off £700/month, but shall I pay minimum every month - about £100 and put £600away in a high interest account? I would put it away every month for about 2 years? I already have an ISA, so whic should be best? what highest interest accounts are there available, and how much can of extra interest can I get?

debbie42 · 29 May 2007 at 1:14PM

If it's 0% interest on the cc, you may as well invest it to get some returns, as long as you can be strict with your finances!
There's a "stooze" board on here with info on this.

alirob12 · 29 May 2007 at 1:36PM

hi yes it will be on 0%, and I have been stoozing for a while, my question is where to put £600 rather than just pay the CCs off, I may as well put in somewhere to get that extra little bit?
Thanks

tom188 · 29 May 2007 at 1:40PM

IceSave? ICICI HiSave? a combination of regular savers eg Yorkshire Building Society RS + others? all high paying accounts.

If you early repayment is likely/possibly required go with one of the first 2, otherwise the 3rd will pay better but with less flexibility.

Best short term investment??Help needed?

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