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£40-50k investment
PHOENIX_BOMB
Posts: 1 Newbie
Hi,
I've been saving hard for quite some time, and been fortunate enough to come into quite a bit of money.
At the minute, im renting, as there is no immediate rusgh to buy a house, esp with the current climate.
I'm in the position of investing £40-£50k, for at least a year and i was wandering if anyone can suggest the best return i can see for my money. The money can be locked into a fixed term account for up to a year as far as i am concerned.
I'm not looking to take any risks with the money so bank a/c's are the best way forward, any suggestions?
Thanks for reading if you got this far!
I've been saving hard for quite some time, and been fortunate enough to come into quite a bit of money.
At the minute, im renting, as there is no immediate rusgh to buy a house, esp with the current climate.
I'm in the position of investing £40-£50k, for at least a year and i was wandering if anyone can suggest the best return i can see for my money. The money can be locked into a fixed term account for up to a year as far as i am concerned.
I'm not looking to take any risks with the money so bank a/c's are the best way forward, any suggestions?
Thanks for reading if you got this far!
0
Comments
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'm in the position of investing £40-£50k, for at least a year
A year is not enough to consider investing. You should stick to savings/deposit based options.he money can be locked into a fixed term account for up to a year as far as i am concerned.
Fixed term deposits may be a valid option but you must remember that if the right house suddenly pops up you may not get access to the FTD until maturity causing you to lose that house.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
Fixed term deposits may be a valid option but you must remember that if the right house suddenly pops up you may not get access to the FTD until maturity causing you to lose that house.
Kaupthing Edge have really good rates for term deposits, and if you break them, you only lose 1% of the interest earned (this has saved me once!)You're spelling is effecting me so much. Im trying not to be phased by it but your all making me loose my mind on mass!! My head is loosing it's hair. I'm going to take myself off the electoral role like I should of done ages ago and move to the Caribean. I already brought my plane ticket, all be it a refundable 1.0 -
All the top rated accounts, including short and long fixed term "bonds" are listed here at Moneyfacts.0
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