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have £20,000 to invest.
free4440273
Posts: 38,438 Forumite
hi, does anybody know of a savings vehicle, risk-free that will pay me £100 per month on £20,000.
thanks
thanks
BLOODBATH IN THE EVENING THEN? :shocked: OR PERHAPS THE AFTERNOON? OR THE MORNING? OH, FORGET THIS MALARKEY!
THE KILLERS :cool:
THE PUNISHER :dance: MATURE CHEDDAR ADDICT:cool:
THE KILLERS :cool:
THE PUNISHER :dance: MATURE CHEDDAR ADDICT:cool:
0
Comments
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To get £100pm net, you would need some risk to be taken. Pensions could be used, depending on your age, although that would guarantee an income, rather than the capital.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
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wow, that was quick thanks so much. i was thinking of a risk free bond (not a GEB) with a decent interest rate...BLOODBATH IN THE EVENING THEN? :shocked: OR PERHAPS THE AFTERNOON? OR THE MORNING? OH, FORGET THIS MALARKEY!
THE KILLERS :cool:
THE PUNISHER :dance: MATURE CHEDDAR ADDICT:cool:0 -
16.6% return for a bond not a chance !!
you are looking more like 6.6%0 -
sorry about this - does that mean a 6% bond would pay me about £100 a month?BLOODBATH IN THE EVENING THEN? :shocked: OR PERHAPS THE AFTERNOON? OR THE MORNING? OH, FORGET THIS MALARKEY!
THE KILLERS :cool:
THE PUNISHER :dance: MATURE CHEDDAR ADDICT:cool:0 -
whoops started drinking for news years eve a little early0
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it happens to everyone...BLOODBATH IN THE EVENING THEN? :shocked: OR PERHAPS THE AFTERNOON? OR THE MORNING? OH, FORGET THIS MALARKEY!
THE KILLERS :cool:
THE PUNISHER :dance: MATURE CHEDDAR ADDICT:cool:0 -
You could have got 6% a year ago on TOISA / ISA's but not now. 5% would be the best rates available.
Perhaps you should look at a mix of cash isa and shares isa ? for £7k now and £7k in April ?0 -
thanks all. have a great new year :jBLOODBATH IN THE EVENING THEN? :shocked: OR PERHAPS THE AFTERNOON? OR THE MORNING? OH, FORGET THIS MALARKEY!
THE KILLERS :cool:
THE PUNISHER :dance: MATURE CHEDDAR ADDICT:cool:0 -
free4440273 wrote:hi, does anybody know of a savings vehicle, risk-free that will pay me £100 per month on £20,000.
thanks
You can get 4.86% gross monthly with a one year bond from Newcastle BS0
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