7000 to invest for 4 years - Isa is full - any ideas??

arwynbr

Hi, I've got £7000 ish to invest - I've filled my ISA for the year, it's currently sitting in HSBC doing around 3.8% net.
I would like it to have grown nicely by the time my mortgage deal runs out in four years. I'm toying with moving it to one of the 7% ish accounts in Martin's article, but was wondering if there were any better deals to be had if I don't take it out for a few years.

Advice would be appreciated!

dunstonh

4 years is too short to invest unless you are high risk in nature.

Stick with savings/deposit based options.

arwynbr

Thanks - that's what I was thinking really, but just wanted to check if there was anything out there.
I haven't got the guts to do anything high risk, I get angry if I lose a couple of quid on the football!

natman

Hi Arwynbr
I like you dont like risk too much
My ISA is maxed out so get the big guns out for the high interest saving accounts.
I have opted for breaking up my savings into savings i can get hold of easy and savings that are more difficicult to get hold of. So perhaps look at fix term bonds for 1, 2, 3 or 4 years with some of your money.

KAUPTHING Edge offer a high interest account 6.55% , plus they also offer fix term bonds for a better % rate of 7.15%.
In addition ICICI offer a high interest account paying 6.16%, THey too offer a fix term year bond of 7.2%

I have used both of the above firms with no hassle, however people who post things on here tend to like Kauthping better as they highlight ICICI have a poor customer service. I personally have found them both to be fine.

Other than that speak to financial advisor if you want to look at investing in different things..........
Happy saving

Lansdowne

You could consider putting anything up to £ 3600 in one of the 6-month high fixed rate deals available at the moment, this would then mature just about April 6th when you could move it into a new tax year's ISA.