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  • FIRST POST
    • dg19
    • By dg19 16th Jul 17, 7:13 PM
    • 1Posts
    • 0Thanks
    dg19
    £140,000 to invest -short term
    • #1
    • 16th Jul 17, 7:13 PM
    £140,000 to invest -short term 16th Jul 17 at 7:13 PM
    Hi
    Following my divorce i have £140,000 from the house sale. Im working abroad for a year so i'm just looking to invest it until then...any advice please??(no risk as it's all i have to allow me to move on).
    Thanks in advance.
Page 1
    • Alice Holt
    • By Alice Holt 16th Jul 17, 7:20 PM
    • 1,477 Posts
    • 1,573 Thanks
    Alice Holt
    • #2
    • 16th Jul 17, 7:20 PM
    • #2
    • 16th Jul 17, 7:20 PM
    http://www.moneysavingexpert.com/savings/savings-accounts-best-interest#fixedsavings
    • george4064
    • By george4064 16th Jul 17, 7:21 PM
    • 845 Posts
    • 897 Thanks
    george4064
    • #3
    • 16th Jul 17, 7:21 PM
    • #3
    • 16th Jul 17, 7:21 PM
    "Investing" and" short-term" don't go together.

    Looks like you are looking to deposit this money for the short-term with no risk, which points to NS&I saving accounts. Go check out their official website here: https://www.nsandi.com/
    "If you arenít willing to own a stock for ten years, donít even think about owning it for ten minutesĒ Warren Buffett

    Save £12k in 2016 - #045 £10,358.81/£12,000 (86%)
    Save £12k in 2017 - #003 £9,136.98/£12,000 (76%)
    • atush
    • By atush 16th Jul 17, 9:56 PM
    • 16,300 Posts
    • 9,968 Thanks
    atush
    • #4
    • 16th Jul 17, 9:56 PM
    • #4
    • 16th Jul 17, 9:56 PM
    Agree.

    invest + short term = NO

    Cash savings are protected up to 75k, so you'd want more than one account anyway/

    Look at current accounts, 1 year bonds, NI savings or premium bonds.
    • LuxuryWoman
    • By LuxuryWoman 17th Jul 17, 9:05 AM
    • 74 Posts
    • 47 Thanks
    LuxuryWoman
    • #5
    • 17th Jul 17, 9:05 AM
    • #5
    • 17th Jul 17, 9:05 AM
    Agree.

    invest + short term = NO

    Cash savings are protected up to 75k, so you'd want more than one account anyway/

    Look at current accounts, 1 year bonds, NI savings or premium bonds.
    Originally posted by atush

    That protection is now 85k, I'm in a similar boat to you and have the Ulster bank account at 1.25% the rest spread amongst an ISA, an interest bearing bank account and I'm considering premium bonds for the last little bit remaining, just for fun really but the money is safe there and Agent Million might just come a calling!
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