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  • FIRST POST
    • marco_79
    • By marco_79 11th Mar 17, 11:54 AM
    • 190Posts
    • 123Thanks
    marco_79
    60k doing nothing
    • #1
    • 11th Mar 17, 11:54 AM
    60k doing nothing 11th Mar 17 at 11:54 AM
    Needing some help with my savings.

    I have zero debt and pension where I want it to be.

    I have 60k in a TSB cash ISA that is basically doing nothing. I would like this money to be working a bit better but want to retain a no risk strategy as I have other investments which are medium risk over the longer term.

    Any guidance appreciated.
    Smile and be happy, things can usually get worse!
Page 1
    • masonic
    • By masonic 11th Mar 17, 12:00 PM
    • 9,126 Posts
    • 6,271 Thanks
    masonic
    • #2
    • 11th Mar 17, 12:00 PM
    • #2
    • 11th Mar 17, 12:00 PM
    Flexibly withdraw some of the money and use it to fund a selection of high interest current accounts. Use the MSE guides for inspiration. At the end of each tax year, replace the funds temporarily if you want to preserve the tax free status.
    • Eco Miser
    • By Eco Miser 11th Mar 17, 12:04 PM
    • 2,841 Posts
    • 2,633 Thanks
    Eco Miser
    • #3
    • 11th Mar 17, 12:04 PM
    • #3
    • 11th Mar 17, 12:04 PM
    Have you looked at the first Quick Link on this page "Top Savings Accounts 5% easy access"?
    Or the 5% Savings Loophole article?

    Or the "What is the Highest Interest Rate You Can Get?" thread on this board?

    Or maybe the app-only Atom Bank would suit?
    Last edited by Eco Miser; 11-03-2017 at 12:08 PM.
    Eco Miser
    Saving money for well over half a century
    • Tcquins
    • By Tcquins 11th Mar 17, 12:08 PM
    • 11 Posts
    • 7 Thanks
    Tcquins
    • #4
    • 11th Mar 17, 12:08 PM
    • #4
    • 11th Mar 17, 12:08 PM
    You aren't going to be able to make your money work much harder, if you don't want to take any risk. It's going to have to be a cash related investment. NS&I bond?
    • jimjames
    • By jimjames 11th Mar 17, 12:42 PM
    • 11,834 Posts
    • 10,199 Thanks
    jimjames
    • #5
    • 11th Mar 17, 12:42 PM
    • #5
    • 11th Mar 17, 12:42 PM
    Why does the whole 60k have to be in the same place? Want it to work harder? Move 20k to a S&S ISA and retain the 40k as balance
    Remember the saying: if it looks too good to be true it almost certainly is.
    • xylophone
    • By xylophone 11th Mar 17, 12:47 PM
    • 21,646 Posts
    • 12,450 Thanks
    xylophone
    • #6
    • 11th Mar 17, 12:47 PM
    • #6
    • 11th Mar 17, 12:47 PM
    http://www.thisismoney.co.uk/money/saving/article-1583864/Best-savings-rates-Isas-Cash-Isa-accounts-fixed-rate-Isas.html

    You could transfer to an ISA paying a better rate but no cash ISA rate available at the moment is exactly scintillating.
    • parking_question_chap
    • By parking_question_chap 11th Mar 17, 12:58 PM
    • 1,257 Posts
    • 1,009 Thanks
    parking_question_chap
    • #7
    • 11th Mar 17, 12:58 PM
    • #7
    • 11th Mar 17, 12:58 PM
    Las Vegas!
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