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  • 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
    • 7,879 Posts
    • 4,697 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
    • 1,067 Posts
    • 1,011 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
    • 65 Posts
    • 29 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
    • 329 Posts
    • 82 Thanks
    elephantrosie
    • #6
    • 17th May 17, 7:07 PM
    • #6
    • 17th May 17, 7:07 PM
    example of government bond?
    Getting bored of my 9 to 5 job.
    • ColdIron
    • By ColdIron 17th May 17, 7:11 PM
    • 3,196 Posts
    • 3,641 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
    • 11,906 Posts
    • 10,285 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.
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