Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@. Skimlinks & other affiliated links are turned on

Search
  • FIRST POST
    • rjtyrell
    • By rjtyrell 17th May 17, 3:42 PM
    • 116Posts
    • 10Thanks
    rjtyrell
    What to do 20,000
    • #1
    • 17th May 17, 3:42 PM
    What to do 20,000 17th May 17 at 3:42 PM
    Hi all,

    I have inherited 20,000 and am wondering what I should it with it.

    Over the years I have had the Nationwide Flex 5% so cannot get this again.

    I see the Government Bond is 2.2% up to 3k, and Nationwide do 2% unlimited.

    Or another option is pay a lump of my mortgage.

    All advise welcome.

    Thanks,
    Student Loan - 2200, Cleared June 2008

    Now saving for my future!!
Page 1
    • teddysmum
    • By teddysmum 17th May 17, 4:00 PM
    • 7,478 Posts
    • 4,418 Thanks
    teddysmum
    • #2
    • 17th May 17, 4:00 PM
    • #2
    • 17th May 17, 4:00 PM
    Hi all,

    I have inherited 20,000 and am wondering what I should it with it.

    Over the years I have had the Nationwide Flex 5% so cannot get this again.

    I see the Government Bond is 2.2% up to 3k, and Nationwide do 2% unlimited.

    Or another option is pay a lump of my mortgage.

    All advise welcome.

    Thanks,
    Originally posted by rjtyrell
    You can have another Flexdirect at 5%,after 12 months.


    Have a look at the dozens of threads giving information.


    Personally,I would pay a larger amount towards the mortgage,as it reduces future debt.
    • Lungboy
    • By Lungboy 17th May 17, 4:08 PM
    • 1,026 Posts
    • 962 Thanks
    Lungboy
    • #3
    • 17th May 17, 4:08 PM
    • #3
    • 17th May 17, 4:08 PM
    Do you have a pension?
    • rjtyrell
    • By rjtyrell 17th May 17, 5:55 PM
    • 116 Posts
    • 10 Thanks
    rjtyrell
    • #4
    • 17th May 17, 5:55 PM
    • #4
    • 17th May 17, 5:55 PM
    Yes have a work pension and also a small private one.
    Student Loan - 2200, Cleared June 2008

    Now saving for my future!!
    • Sean473
    • By Sean473 17th May 17, 6:40 PM
    • 53 Posts
    • 24 Thanks
    Sean473
    • #5
    • 17th May 17, 6:40 PM
    • #5
    • 17th May 17, 6:40 PM
    Hi all,

    I have inherited 20,000 and am wondering what I should it with it.

    Over the years I have had the Nationwide Flex 5% so cannot get this again.

    I see the Government Bond is 2.2% up to 3k, and Nationwide do 2% unlimited.

    Or another option is pay a lump of my mortgage.

    All advise welcome.

    Thanks,
    Originally posted by rjtyrell
    There is also the nationawide 5% regular saver..
    • elephantrosie
    • By elephantrosie 17th May 17, 7:07 PM
    • 261 Posts
    • 63 Thanks
    elephantrosie
    • #6
    • 17th May 17, 7:07 PM
    • #6
    • 17th May 17, 7:07 PM
    example of government bond?
    I am constantly dreaming of retirement and financial independence.
    I would like to have enough money to open an animal farm and a charity vegetarian restaurant.
    I am good with savings, but not investments. I am a keen learner, but can be disappointed by my laziness.
    • ColdIron
    • By ColdIron 17th May 17, 7:11 PM
    • 3,141 Posts
    • 3,557 Thanks
    ColdIron
    • #7
    • 17th May 17, 7:11 PM
    • #7
    • 17th May 17, 7:11 PM
    This one specifically
    https://www.nsandi.com/investment-guaranteed-growth-bonds
    • jimjames
    • By jimjames 17th May 17, 7:37 PM
    • 11,783 Posts
    • 10,144 Thanks
    jimjames
    • #8
    • 17th May 17, 7:37 PM
    • #8
    • 17th May 17, 7:37 PM
    If you don't need the money in the next 5 years or so and already have sufficient emergency funds then you could look at S&S ISA options.
    Remember the saying: if it looks too good to be true it almost certainly is.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

200Posts Today

1,167Users online

Martin's Twitter
  • The strange thing with a 4yr old is having to play & smile while inside feeling sick for those in trauma in my birth town #Manchester

  • Just a quick ta-ta for now. I'm taking the week off for family time with mini and Mrs MSE. So I won't be here much. Back after the bank hol

  • Ugh another one trying it! Beware https://t.co/Ab9fCRA76F

  • Follow Martin