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Investing £5000
Gunny
Posts: 13 Forumite
Have £5000 sitting in my bank account.:beer:
What would be the best way for it to make some money for me?
Already have an Isa so thats out
I wont need to make any withdrawals so it could go somewhere that did not allow withdrawals for a few years.
Not very saving savvy,some suggestions please
Picked up details of this yesterday
http://www.nationwide.co.uk/investments/guaranteed-equity-bond/
What would be the best way for it to make some money for me?
Already have an Isa so thats out
I wont need to make any withdrawals so it could go somewhere that did not allow withdrawals for a few years.
Not very saving savvy,some suggestions please
Picked up details of this yesterday
http://www.nationwide.co.uk/investments/guaranteed-equity-bond/
0
Comments
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Or is this any good?
http://www.bankofscotlandhalifax.co.uk/savings/regularsaver.asp0 -
If I were in your position I'd look around for an instant access account which pays a good rate of interest and deposit the money there. And next April, if I was a taxpayer, I'd withdraw £3600 of it and take out another Cash ISA for the tax year 2008-9. No point in paying tax on any of your savings if you can avoid it. Regular saver accounts are normally accounts whereby you save a specific amount every month, so no necessarily suitable for one-off deposits.0
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