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  • FIRST POST
    • Marcus_563
    • By Marcus_563 5th Jan 18, 3:56 PM
    • 7Posts
    • 1Thanks
    Marcus_563
    Options for £10k lump sump investment with easy access
    • #1
    • 5th Jan 18, 3:56 PM
    Options for £10k lump sump investment with easy access 5th Jan 18 at 3:56 PM
    As per the title really. I'm wanting a single place to dump £10k which gives me easy access without penalties. Likely to need to dip into it within the next couple of years for a new car, but can't be sure exactly when.

    Current thought is to stick it into Premium Bonds, but happy to hear thoughts for alternative options?
Page 1
    • MallyGirl
    • By MallyGirl 5th Jan 18, 4:21 PM
    • 2,269 Posts
    • 7,265 Thanks
    MallyGirl
    • #2
    • 5th Jan 18, 4:21 PM
    • #2
    • 5th Jan 18, 4:21 PM
    Take a look here:
    https://www.moneysavingexpert.com/savings/savings-accounts-best-interest?_ga=2.173617763.1133930631.1514971131-1057817352.1511775815

    If you are already using all these then Premium Bonds are safe but you may win absolutely nothing for the duration. Then again 5% on £10k for a year is only £50 anyway.
    • eskbanker
    • By eskbanker 5th Jan 18, 7:37 PM
    • 6,040 Posts
    • 6,044 Thanks
    eskbanker
    • #3
    • 5th Jan 18, 7:37 PM
    • #3
    • 5th Jan 18, 7:37 PM
    £10k lump sump investment

    <snip>

    Likely to need to dip into it
    Originally posted by Marcus_563
    Sounds like you need to be investing in oil: BP perhaps?
    • Eco Miser
    • By Eco Miser 6th Jan 18, 3:19 PM
    • 3,301 Posts
    • 3,074 Thanks
    Eco Miser
    • #4
    • 6th Jan 18, 3:19 PM
    • #4
    • 6th Jan 18, 3:19 PM
    Then again 5% on £10k for a year is only £50 anyway.
    Originally posted by MallyGirl
    I make it £500. Mispositioning the decimal point is so easy.
    Eco Miser
    Saving money for well over half a century
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