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Inheritance Money
LUK3_3
Posts: 5 Forumite
Hello,
I have recently inherited £5000 from my late Grandmother. I am currently 17 (18 in a couple months), and at the moment, am in Year 12 at sixth form college in London. I would be grateful if you could give me any kind of advice about the best way to go about saving/investing this cash for the future. I am hoping not to dig into the money any time soon.
Many thanks,
Luke
I have recently inherited £5000 from my late Grandmother. I am currently 17 (18 in a couple months), and at the moment, am in Year 12 at sixth form college in London. I would be grateful if you could give me any kind of advice about the best way to go about saving/investing this cash for the future. I am hoping not to dig into the money any time soon.
Many thanks,
Luke
0
Comments
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If it were me I'd put £3,600 in an ISA, and what's left in an instant access savings account.
HSBC offer a cash ISA at 6.25% which you can open online, and the rest I'd put in the Bradford and Bingley Internet Saver which offers 6.51%.
All your money is safe that way, and accessible should you need it.
Hope this helps!“I could see that, if not actually disgruntled, he was far from being gruntled.” - P.G. Wodehouse0
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